Hanover Insurance Group Inc (NYSE:THG) SVP Warren E. Barnes sold 1,513 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the transaction, the senior vice president now owns 6,333 shares of the company’s stock, valued at approximately $686,877.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Hanover Insurance Group Inc (NYSE:THG) traded up $0.17 during midday trading on Wednesday, reaching $118.29. 160,924 shares of the company’s stock traded hands, compared to its average volume of 190,018. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a one year low of $79.23 and a one year high of $119.22. The firm has a market capitalization of $5,002.65, a P/E ratio of 27.22 and a beta of 1.12.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.15. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. Hanover Insurance Group’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.83%. Hanover Insurance Group’s payout ratio is 49.77%.
Several large investors have recently made changes to their positions in THG. The Manufacturers Life Insurance Company raised its holdings in shares of Hanover Insurance Group by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 62,632 shares of the insurance provider’s stock valued at $5,551,000 after buying an additional 1,238 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Hanover Insurance Group by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 21,921 shares of the insurance provider’s stock valued at $1,943,000 after buying an additional 531 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Hanover Insurance Group in the third quarter valued at about $4,430,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Hanover Insurance Group in the third quarter valued at about $790,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Hanover Insurance Group in the third quarter valued at about $56,542,000. 85.96% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, November 29th.
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Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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