The Hanover Insurance Group, Inc. (NYSE:THG) CEO Sells $52,675.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Hanover Insurance Group Stock Performance

THG opened at $172.64 on Friday. The firm has a market cap of $6.20 billion, a P/E ratio of 14.77 and a beta of 0.65. The business’s fifty day moving average is $164.95 and its 200-day moving average is $157.89. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. 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 (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors have recently modified their holdings of THG. True Wealth Design LLC bought a new position in The Hanover Insurance Group in the third quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 91.9% during the 4th 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 increased its position in The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on THG. BMO Capital Markets lifted their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Piper Sandler upped their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays raised The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Morgan Stanley upped their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $179.00.

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.