The Hanover Insurance Group, Inc. (NYSE:THG) EVP Richard W. Lavey Sells 8,468 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Richard W. Lavey sold 8,468 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at approximately $5,224,826.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Hanover Insurance Group Stock Performance

THG opened at $147.21 on Wednesday. The company’s 50 day moving average is $132.73 and its 200 day moving average is $131.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 33.01 and a beta of 0.68. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $149.25.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned ($1.91) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current year.

Analyst Upgrades and Downgrades

THG has been the topic of several research analyst reports. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Bank of America cut their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, JMP Securities increased their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $157.80.

Hedge Funds Weigh In On The Hanover Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after buying an additional 97 shares during the period. Signaturefd LLC raised its stake in The Hanover Insurance Group by 8.7% during the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock worth $168,000 after acquiring an additional 107 shares during the period. Ontario Teachers Pension Plan Board lifted its holdings in The Hanover Insurance Group by 1.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after purchasing an additional 109 shares in the last quarter. Blue Trust Inc. boosted its position in shares of The Hanover Insurance Group by 20.7% in the second quarter. Blue Trust Inc. now owns 753 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 129 shares during the period. Finally, Pullen Investment Management LLC increased its stake in shares of The Hanover Insurance Group by 3.1% in the second quarter. Pullen Investment Management LLC now owns 4,434 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 134 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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.