John C. Roche Sells 922 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) CEO John C. Roche sold 922 shares of The Hanover Insurance Group stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $155.24, for a total value of $143,131.28. Following the sale, the chief executive officer now directly owns 74,843 shares of the company’s stock, valued at approximately $11,618,627.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE THG traded up $1.27 during trading on Monday, hitting $152.96. 314,863 shares of the stock traded hands, compared to its average volume of 164,797. The company has a market capitalization of $5.44 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The firm has a 50-day simple moving average of $145.68 and a 200-day simple moving average of $136.73. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 12-month low of $121.69 and a 12-month high of $155.55.

The Hanover Insurance Group (NYSE:THGGet Rating) last announced its earnings results on Wednesday, February 2nd. The insurance provider reported $3.38 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.88. The Hanover Insurance Group had a return on equity of 10.23% and a net margin of 8.00%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $3.02 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, research analysts predict that The Hanover Insurance Group, Inc. will post 10.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, March 10th. The Hanover Insurance Group’s payout ratio is 26.09%.

Several research firms have recently commented on THG. Zacks Investment Research upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a report on Tuesday, April 12th. StockNews.com initiated coverage on The Hanover Insurance Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $160.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THG. Quent Capital LLC purchased a new position in The Hanover Insurance Group during the 4th quarter worth $26,000. Allegheny Financial Group LTD purchased a new stake in The Hanover Insurance Group during the 4th quarter valued at about $28,000. CWM LLC purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth about $43,000. PrairieView Partners LLC boosted its stake in shares of The Hanover Insurance Group by 3,720.0% in the fourth quarter. PrairieView Partners LLC now owns 382 shares of the insurance provider’s stock worth $50,000 after buying an additional 372 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth about $50,000. 85.83% of the stock is owned by hedge funds and other institutional investors.

About The Hanover Insurance Group (Get Rating)

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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

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