John C. Roche Sells 200 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche sold 200 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now directly owns 124,278 shares in the company, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Hanover Insurance Group Stock Down 1.2 %

Shares of The Hanover Insurance Group stock opened at $172.55 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.00. The business’s fifty day moving average price is $163.46 and its two-hundred day moving average price is $157.26. The company has a market capitalization of $6.20 billion, a P/E ratio of 14.76 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

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

Analyst Upgrades and Downgrades

THG has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets lifted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley increased their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $175.25.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the third quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of The Hanover Insurance Group by 502.1% during 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 in the last quarter. Institutional investors own 86.61% of the company’s stock.

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.