Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells 10,526 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Bryan J. Salvatore sold 10,526 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the completion of the sale, the executive vice president now owns 25,864 shares of the company’s stock, valued at approximately $4,308,942.40. The trade was a 28.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock opened at $166.59 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The stock has a 50 day moving average of $165.34 and a 200 day moving average of $160.26. The firm has a market cap of $5.99 billion, a PE ratio of 14.25 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The Hanover Insurance Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $3.08 earnings per share. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is 29.98%.

Analyst Ratings Changes

Several research firms recently issued reports on THG. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a “market perform” rating in a research report on Wednesday. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective 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. Finally, Piper Sandler increased their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of The Hanover Insurance Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider’s stock valued at $632,338,000 after purchasing an additional 21,221 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in The Hanover Insurance Group by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider’s stock worth $230,349,000 after buying an additional 4,799 shares during the last quarter. Franklin Resources Inc. boosted its stake in The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock worth $188,363,000 after buying an additional 270,491 shares during the period. T. Rowe Price Investment Management Inc. increased its position in The Hanover Insurance Group by 4.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider’s stock valued at $168,237,000 after acquiring an additional 43,918 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock valued at $148,297,000 after acquiring an additional 130,054 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

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.