Key Points
- Director Jane Carlin sold 1,200 shares of THG on Feb. 27 at an average price of $180.91, reducing her stake by 33.12% to 2,423 shares (transaction ≈ $217,092), as disclosed in an SEC filing.
- The company declared a quarterly dividend of $0.95 per share (annualized $3.80, yield ~2.1%) with an ex-dividend date of March 13 and payment scheduled for March 27.
- THG reported quarterly EPS of $5.46 on $1.67 billion in revenue, trades at a P/E of 10, and carries an average analyst rating of "Moderate Buy" with a $200.60 price target and consensus FY EPS of 14.37.
The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) Director Jane Carlin sold 1,200 shares of the business's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the completion of the sale, the director directly owned 2,423 shares in the company, valued at approximately $438,344.93. This represents a 33.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Hanover Insurance Group Stock Up 0.6%
Shares of THG stock opened at $181.68 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a 1 year low of $147.76 and a 1 year high of $188.18. The firm's fifty day moving average price is $175.66 and its two-hundred day moving average price is $177.26. The firm has a market capitalization of $6.39 billion, a P/E ratio of 10.00 and a beta of 0.31.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The firm had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.
The Hanover Insurance Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 annualized dividend and a yield of 2.1%. The Hanover Insurance Group's dividend payout ratio is 20.91%.
Analyst Upgrades and Downgrades
THG has been the topic of a number of analyst reports. Wall Street Zen cut The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They issued a "sector perform" rating and a $200.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $200.60.
View Our Latest Analysis on The Hanover Insurance Group
Institutional Investors Weigh In On The Hanover Insurance Group
Several hedge funds have recently added to or reduced their stakes in THG. Norges Bank acquired a new position in The Hanover Insurance Group in the 4th quarter valued at approximately $83,817,000. Alliancebernstein L.P. grew its stake in shares of The Hanover Insurance Group by 36.1% in the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider's stock worth $217,505,000 after purchasing an additional 339,896 shares during the last quarter. AQR Capital Management LLC increased its holdings in The Hanover Insurance Group by 37.8% in the third quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider's stock valued at $137,967,000 after purchasing an additional 209,616 shares during the period. Invesco Ltd. raised its position in The Hanover Insurance Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 646,910 shares of the insurance provider's stock worth $118,236,000 after purchasing an additional 197,930 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of The Hanover Insurance Group by 206.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 292,121 shares of the insurance provider's stock valued at $53,058,000 after buying an additional 196,655 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.
About The Hanover Insurance Group
(
Get Free Report)
The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers' compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.
In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
