Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) SVP Sells 500 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $138.25, for a total value of $69,125.00. Following the sale, the senior vice president now directly owns 3,013 shares of the company's stock, valued at $416,547.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Hanover Insurance Group Stock Up 2.7 %

Shares of The Hanover Insurance Group stock traded up $3.66 on Wednesday, reaching $140.77. 228,495 shares of the company were exchanged, compared to its average volume of 170,709. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $141.42. The company has a market cap of $5.06 billion, a P/E ratio of 31.56 and a beta of 0.68. 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 stock's 50 day moving average price is $130.91 and its 200-day moving average price is $131.06.

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 EPS for the quarter, hitting analysts' consensus estimates of $1.88. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted ($1.91) earnings per share. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 10.53 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group's payout ratio is 76.23%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in THG. Point72 Hong Kong Ltd purchased a new stake in The Hanover Insurance Group during the second quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in The Hanover Insurance Group during the first quarter worth approximately $31,000. Quarry LP purchased a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. purchased a new stake in The Hanover Insurance Group during the second quarter worth approximately $42,000. Finally, GHP Investment Advisors Inc. lifted its stake in The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock valued at $54,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

Analyst Upgrades and Downgrades

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

The Hanover Insurance Group Company Profile

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.