Key Points
- Director Cynthia Egan sold 3,400 shares of THG on May 1 at an average price of $188.50 for $640,900, reducing her holding by 26.65% to 9,359 shares (disclosed in an SEC filing).
- Hanover beat quarterly expectations, reporting $5.25 EPS versus a $4.14 estimate and $1.70 billion in revenue (vs. $1.58 billion), with a net margin of 10.77% and ROE of 21.55%.
- Analyst and market context: THG has a market cap of $6.44 billion, a PE of 9.21, a $3.80 annualized dividend (2.1% yield), and a consensus target price of $203 with mixed analyst ratings ranging from Hold to Buy/Outperform.
The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) Director Cynthia Egan sold 3,400 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $188.50, for a total value of $640,900.00. Following the transaction, the director owned 9,359 shares in the company, valued at $1,764,171.50. This trade represents a 26.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
The Hanover Insurance Group Trading Down 2.0%
THG opened at $183.07 on Tuesday. The Hanover Insurance Group, Inc. has a 52 week low of $160.70 and a 52 week high of $191.66. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $176.32 and a 200-day moving average of $176.98. The stock has a market cap of $6.44 billion, a PE ratio of 9.21 and a beta of 0.31.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $3.87 earnings per share. The Hanover Insurance Group's quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 16.92 earnings per share for the current fiscal year.
The Hanover Insurance Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 2.1%. The Hanover Insurance Group's dividend payout ratio (DPR) is 19.12%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on The Hanover Insurance Group from $190.00 to $195.00 and gave the company a "sector perform" rating in a report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of The Hanover Insurance Group in a report on Monday, April 20th. Wall Street Zen cut The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday. Finally, Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $203.00.
Check Out Our Latest Report on THG
Institutional Trading of The Hanover Insurance Group
Several hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. grew its holdings in The Hanover Insurance Group by 3.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,880 shares of the insurance provider's stock valued at $344,000 after purchasing an additional 64 shares during the period. Ballentine Partners LLC grew its holdings in The Hanover Insurance Group by 3.4% during the fourth quarter. Ballentine Partners LLC now owns 2,026 shares of the insurance provider's stock valued at $370,000 after purchasing an additional 66 shares during the period. Public Employees Retirement System of Ohio grew its holdings in The Hanover Insurance Group by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider's stock valued at $2,183,000 after purchasing an additional 66 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in The Hanover Insurance Group by 5.5% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,294 shares of the insurance provider's stock valued at $234,000 after purchasing an additional 68 shares during the period. Finally, World Investment Advisors increased its stake in shares of The Hanover Insurance Group by 3.1% in the first quarter. World Investment Advisors now owns 2,359 shares of the insurance provider's stock worth $409,000 after purchasing an additional 71 shares in the last quarter. Institutional investors 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.
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