The Hanover Insurance Group, Inc. (NYSE:THG) Director Kathy S. Lane Sells 1,884 Shares

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) Director Kathy S. Lane sold 1,884 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Hanover Insurance Group Stock Up 0.5 %

THG traded up $0.70 during trading hours on Thursday, reaching $135.57. 81,592 shares of the stock traded hands, compared to its average volume of 171,144. The firm's fifty day simple moving average is $129.33 and its two-hundred day simple moving average is $130.82. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 30.24 and a beta of 0.68. The Hanover Insurance Group, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business earned ($1.91) EPS. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 10.53 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.85 dividend. The ex-dividend date was Thursday, June 13th. This represents a $3.40 annualized dividend and a yield of 2.51%. The Hanover Insurance Group's dividend payout ratio is presently 76.23%.

Analysts Set New Price Targets

Several equities analysts have commented on THG shares. Bank of America dropped their price target on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a "market perform" rating in a research report on Tuesday, August 13th. Oppenheimer upped their target price on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 3rd. Piper Sandler increased their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, JMP Securities increased their price target on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a "market outperform" rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.50.

Institutional Trading of The Hanover Insurance Group

Hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of The Hanover Insurance Group in the second quarter worth approximately $25,000. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group in the 1st quarter valued at $31,000. Quarry LP acquired a new stake in shares of The Hanover Insurance Group during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth about $42,000. Finally, GHP Investment Advisors Inc. increased its position in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock worth $54,000 after purchasing an additional 168 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.