Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) CEO Sells 301 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at $21,772,450. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Hanover Insurance Group Stock Down 8.6 %

Shares of NYSE THG traded down $14.93 during trading on Friday, reaching $157.82. 453,240 shares of the stock were exchanged, compared to its average volume of 195,409. The business's 50-day moving average price is $165.04 and its 200 day moving average price is $158.01. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 13.50 and a beta of 0.47. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.

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

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The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is currently 30.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THG. Morgan Stanley boosted their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Finally, Piper Sandler raised their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $179.00.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in THG. CIBC Private Wealth Group LLC raised its stake in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock valued at $1,092,000 after purchasing an additional 65 shares in the last quarter. AMG National Trust Bank increased its holdings in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock valued at $1,658,000 after buying an additional 71 shares during the last quarter. Captrust Financial Advisors raised its stake in The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after buying an additional 81 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after buying an additional 85 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

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.