The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) EVP Jeffrey M. Farber sold 100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $165.00, for a total value of $16,500.00. Following the transaction, the executive vice president now directly owns 49,078 shares of the company's stock, valued at $8,097,870. The trade was a 0.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The Hanover Insurance Group Price Performance
THG stock opened at $163.04 on Wednesday. The business has a fifty day moving average of $152.52 and a two-hundred day moving average of $139.74. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 16.02 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 52-week low of $119.36 and a 52-week high of $165.27.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current year.
The Hanover Insurance Group Announces Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.09%. The Hanover Insurance Group's payout ratio is presently 33.73%.
Institutional Investors Weigh In On The Hanover Insurance Group
Institutional investors have recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of The Hanover Insurance Group in the third quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in shares of The Hanover Insurance Group in the third quarter valued at $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group in the second quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the third quarter valued at $30,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group in the second quarter valued at $42,000. 86.61% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Oppenheimer increased their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JMP Securities increased their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Bank of America increased their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, Piper Sandler increased their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Three 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 stock has a consensus rating of "Moderate Buy" and an average price target of $173.83.
View Our Latest Research Report on The Hanover Insurance Group
The Hanover Insurance Group Company Profile
(
Get Free Report)
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.
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