John C. Roche Sells 301 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche sold 301 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

The Hanover Insurance Group Stock Up 0.8 %

The Hanover Insurance Group stock opened at $175.27 on Wednesday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.99 and a beta of 0.65. 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 stock has a 50 day moving average of $164.17 and a two-hundred day moving average of $157.66. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results 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 return on equity of 18.01% and a net margin of 6.83%. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is 30.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets lifted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley upped their target price 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. Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $179.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in The Hanover Insurance Group in the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 236 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

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.