Denise Lowsley Sells 1,619 Shares of The Hanover Insurance Group (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Denise Lowsley sold 1,619 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total transaction of $293,799.93. Following the sale, the executive vice president directly owned 3,511 shares in the company, valued at $637,141.17. The trade was a 31.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

The Hanover Insurance Group Price Performance

THG stock opened at $181.08 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $186.46. The firm has a 50-day moving average of $176.97 and a 200 day moving average of $171.94. The company has a market cap of $6.44 billion, a P/E ratio of 10.47 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.30. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.72 billion. The Hanover Insurance Group had a return on equity of 22.43% and a net margin of 9.71%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.05 earnings per share. On average, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 20.82%.

Institutional Trading of The Hanover Insurance Group

Several hedge funds have recently modified their holdings of THG. Clearstead Trust LLC purchased a new position in shares of The Hanover Insurance Group during the 1st quarter worth about $27,000. Clearstead Advisors LLC boosted its position in shares of The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after buying an additional 150 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of The Hanover Insurance Group by 56.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after buying an additional 81 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of The Hanover Insurance Group in the second quarter worth approximately $39,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter worth approximately $43,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on THG. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Morgan Stanley raised their price target on The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $191.83.

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.