Kathy S. Lane sells 1,884 shares of The Hanover Insurance Group, Inc. (NYSE:THG)

VaselineAugust 25, 2024

0 4 minutes read

The Hanover Insurance Group, Inc. (NYSE:THG – Get Your Free Report ) Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink.

Shares in the Hanover-based insurance group rose 1.3%

Shares of Hanover Insurance Group stock opened at $137.30 on Friday. Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $139.25. The stock’s fifty-day simple moving average is $129.91, and its 200-day simple moving average is $130.90. 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 firm has a market cap of $4.93 billion, a P/E ratio of 30.78 and a beta of 0.68.

Hanover Insurance Group (NYSE:THG – Get Your Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. In the same quarter last year, the company earned ($1.91) earnings per share. The company’s revenue rose 2.2% year over year. As a group, equities analysts expect The Hanover Insurance Group, Inc. to post 10.53 earnings per share for the current fiscal year.

Hannover Insurance Group Dividend Announcement

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The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.85 per share. This represents a dividend of $3.40 on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, June 13. Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Changes in Analyst Ratings

THG has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, the 13th August. Bank of America cut their price target on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Oppenheimer upped their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Piper Sandler boosted their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities upped their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Thursday. August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $152.50, based on data from MarketBeat.com.

Read our latest THG review

Hannover Insurance Group Institutional Trading

Large investors have recently modified their stock holdings. Vanguard Group Inc. raised its stake in shares of The Hanover Insurance Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock worth $439,998,000 after purchasing an additional 13,030 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of The Hanover Insurance Group by 5.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock worth $168,247,000 after buying an additional 70,161 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of The Hanover Insurance Group by 7.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider’s stock worth $125,495,000 after purchasing an additional 75,737 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of The Hanover Insurance Group by 1.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock worth $137,377,000 after purchasing an additional 16,040 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of The Hanover Insurance Group by 75.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after buying an additional 414,993 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s shares.

About the Hannover insurance group

(Get a free report)

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 risk, commercial auto, workers’ compensation and other commercial lines.