Key Points
- EVP Denise Lowsley sold 1,619 shares of The Hanover Insurance Group on Nov. 12 at an average price of $181.47 for total proceeds of about $293,800, cutting her stake by 31.56% to 3,511 shares (worth roughly $637,141).
- Q3 earnings beat: Hanover reported $5.09 EPS vs. $3.79 expected and $1.67 billion in revenue (slightly below the $1.72B estimate), and analysts forecast about $14.37 EPS for the current year.
- Stock metrics and outlook: THG traded near $180.39 (one-year range $145.17–$186.46), carries a P/E of 10.43, pays a $3.60 annual dividend (2.0% yield), and has a consensus "Moderate Buy" price target of $191.83.
The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) EVP Denise Lowsley sold 1,619 shares of the firm's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total value of $293,799.93. Following the transaction, the executive vice president directly owned 3,511 shares in the company, valued at $637,141.17. This trade represents a 31.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
The Hanover Insurance Group Price Performance
THG traded down $1.85 on Friday, reaching $180.39. The company had a trading volume of 20,227 shares, compared to its average volume of 240,424. The Hanover Insurance Group, Inc. has a one year low of $145.17 and a one year high of $186.46. The company has a market capitalization of $6.42 billion, a P/E ratio of 10.43 and a beta of 0.44. The company has a fifty day moving average of $176.90 and a 200-day moving average of $171.81. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.30. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the firm posted $3.05 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.
The Hanover Insurance Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.90 per share. The ex-dividend date was Friday, September 12th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The Hanover Insurance Group's dividend payout ratio (DPR) is 20.82%.
Analyst Ratings Changes
THG has been the subject of several research analyst reports. JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a report on Thursday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Citigroup reaffirmed an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $198.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $191.83.
Read Our Latest Analysis on The Hanover Insurance Group
Institutional Trading of The Hanover Insurance Group
Hedge funds have recently modified their holdings of the business. Clearstead Trust LLC purchased a new position in shares of The Hanover Insurance Group during the first quarter valued at $27,000. Clearstead Advisors LLC boosted its position in The Hanover Insurance Group by 300.0% during the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider's stock worth $36,000 after acquiring an additional 150 shares during the period. Steward Partners Investment Advisory LLC boosted its position in The Hanover Insurance Group by 56.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider's stock worth $38,000 after acquiring an additional 81 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of The Hanover Insurance Group in the third quarter worth approximately $43,000. Hedge funds and other 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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