Cynthia Egan Sells 3,400 Shares of The Hanover Insurance Group (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Cynthia Egan sold 3,400 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $188.50, for a total value of $640,900.00. Following the transaction, the director owned 9,359 shares of the company’s stock, valued at approximately $1,764,171.50. The trade was a 26.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

The Hanover Insurance Group Price Performance

THG opened at $184.79 on Wednesday. The business has a fifty day moving average of $176.49 and a 200 day moving average of $177.07. The Hanover Insurance Group, Inc. has a 52-week low of $160.70 and a 52-week high of $191.66. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.47 billion, a P/E ratio of 9.30 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $3.87 EPS. The Hanover Insurance Group’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 18.02 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group’s payout ratio is presently 19.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on THG shares. Morgan Stanley set a $195.00 price objective on The Hanover Insurance Group in a report on Friday. Wall Street Zen lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, April 30th. Citizens Jmp lifted their target price on The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on The Hanover Insurance Group from $190.00 to $195.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of THG. Millennium Management LLC raised its position in shares of The Hanover Insurance Group by 61.0% in the 1st quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after acquiring an additional 33,495 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of The Hanover Insurance Group by 1,568.9% in the 1st quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 706 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of The Hanover Insurance Group by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock worth $38,052,000 after acquiring an additional 38,905 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of The Hanover Insurance Group by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock worth $22,445,000 after acquiring an additional 7,712 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of The Hanover Insurance Group by 7.7% in the 2nd quarter. Invesco Ltd. now owns 283,484 shares of the insurance provider’s stock worth $48,155,000 after acquiring an additional 20,294 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.