The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $1,219,476.68 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) EVP Richard W. Lavey sold 8,468 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the transaction, the executive vice president now directly owns 36,281 shares of the company's stock, valued at approximately $5,224,826.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

The Hanover Insurance Group Trading Up 0.1 %

Shares of NYSE:THG traded up $0.22 during trading on Tuesday, reaching $147.21. 323,336 shares of the stock were exchanged, compared to its average volume of 172,982. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $149.25. The firm's 50-day moving average price is $132.23 and its 200 day moving average price is $131.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 33.35 and a beta of 0.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) 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 business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.91) earnings per share. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on THG shares. Piper Sandler boosted their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. JMP Securities increased their target price on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a "market perform" rating in a report on Tuesday, August 13th. Finally, Bank of America decreased their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $157.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of The Hanover Insurance Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider's stock valued at $439,998,000 after buying an additional 13,030 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in The Hanover Insurance Group by 5.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider's stock valued at $168,247,000 after acquiring an additional 70,161 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of The Hanover Insurance Group by 1.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider's stock valued at $137,377,000 after purchasing an additional 16,040 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of The Hanover Insurance Group by 75.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider's stock worth $117,217,000 after purchasing an additional 414,993 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of The Hanover Insurance Group by 4.3% in the second quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider's stock valued at $100,607,000 after purchasing an additional 33,249 shares during the period. 86.61% of the stock is owned by hedge funds and other 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.