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 business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the transaction, the chief executive officer now owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $172.55 on Friday. The stock has a market capitalization of $6.20 billion, a PE ratio of 14.76 and a beta of 0.65. The business’s fifty day moving average price is $163.46 and its 200 day moving average price is $157.16. 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 12-month low of $119.66 and a 12-month high of $176.00.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Equities 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. 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. BMO Capital Markets raised their price target on shares of 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. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.25.

Institutional Trading of The Hanover Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in The Hanover Insurance Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock worth $54,733,000 after buying an additional 17,856 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of The Hanover Insurance Group by 23.7% during the third quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider’s stock valued at $832,000 after acquiring an additional 1,078 shares during the period. Algert Global LLC grew its position in shares of The Hanover Insurance Group by 19.5% during the third quarter. Algert Global LLC now owns 10,839 shares of the insurance provider’s stock worth $1,605,000 after acquiring an additional 1,770 shares during the last quarter. FMR LLC increased its holdings in shares of The Hanover Insurance Group by 11.5% in the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock worth $25,270,000 after acquiring an additional 17,583 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in The Hanover Insurance Group by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after purchasing an additional 6,112 shares during the last quarter. 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.