Hanover Insurance Group Inc (NYSE:THG) SVP Ann Kirkpatrick Tripp sold 5,646 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $115.81, for a total transaction of $653,863.26. Following the sale, the senior vice president now owns 18,631 shares in the company, valued at approximately $2,157,656.11. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of NYSE:THG opened at $117.63 on Friday. The company has a market capitalization of $5.00 billion, a P/E ratio of 17.32 and a beta of 0.71. The company has a quick ratio of 0.39, a current ratio of 0.51 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a one year low of $104.59 and a one year high of $131.44.
Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, January 30th. The insurance provider reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. On average, research analysts forecast that Hanover Insurance Group Inc will post 8 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Friday, January 25th. Investors of record on Thursday, January 10th were paid a $4.75 dividend. This represents a yield of 2.08%. The ex-dividend date was Wednesday, January 9th. Hanover Insurance Group’s payout ratio is 35.35%.
Several research firms recently issued reports on THG. Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine downgraded shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Buckingham Research started coverage on shares of Hanover Insurance Group in a research note on Friday, December 14th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Hanover Insurance Group has an average rating of “Hold” and an average price target of $136.50.
Large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of Hanover Insurance Group during the third quarter valued at $29,757,000. Monarch Partners Asset Management LLC bought a new position in shares of Hanover Insurance Group during the third quarter valued at $29,165,000. Two Sigma Investments LP raised its stake in shares of Hanover Insurance Group by 1,037.5% during the fourth quarter. Two Sigma Investments LP now owns 89,859 shares of the insurance provider’s stock valued at $10,493,000 after acquiring an additional 81,959 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc now owns 4,206,022 shares of the insurance provider’s stock valued at $518,897,000 after acquiring an additional 71,869 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 4,206,022 shares of the insurance provider’s stock valued at $518,897,000 after acquiring an additional 71,869 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.
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About Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers’ compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.
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