The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) EVP Willard T. Lee sold 1,000 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the transaction, the executive vice president now owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
The Hanover Insurance Group Stock Up 0.1 %
THG stock opened at $135.31 on Thursday. The company's 50 day moving average is $130.78 and its 200 day moving average is $126.82. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 30.34 and a beta of 0.67. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.00.
The Hanover Insurance Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.51%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 76.23%.
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Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Piper Sandler reissued an "overweight" rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Oppenheimer upped their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a "market perform" rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $143.33.
Get Our Latest Stock Report on THG
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider's stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Riverview Trust Co bought a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $31,000. Quarry LP purchased a new stake in The Hanover Insurance Group in the fourth quarter worth approximately $34,000. Baystate Wealth Management LLC boosted its stake in shares of The Hanover Insurance Group by 4,400.0% in the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 352 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $65,000. Institutional investors own 86.61% of the company's stock.
The Hanover Insurance Group Company Profile
(
Get Free Report)
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.
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