The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche Sells 200 Shares

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) CEO John C. Roche sold 200 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now directly owns 124,278 shares in the company, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

The Hanover Insurance Group Price Performance

Shares of NYSE THG traded up $1.45 during midday trading on Tuesday, reaching $175.40. 30,914 shares of the company traded hands, compared to its average volume of 191,875. The stock's 50-day simple moving average is $163.82 and its 200-day simple moving average is $157.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.00. The firm has a market cap of $6.30 billion, a PE ratio of 15.00 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

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The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.05%. The Hanover Insurance Group's payout ratio is presently 30.80%.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday. Morgan Stanley raised their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $179.00.

Institutional Investors Weigh In On The Hanover Insurance Group

Several institutional investors have recently modified their holdings of THG. True Wealth Design LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group during the third quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after buying an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC boosted its holdings in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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.