Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) Insider Sells 17,500 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) insider John C. Roche sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the transaction, the insider now directly owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) traded down 0.11% during mid-day trading on Friday, hitting $98.46. 197,310 shares of the stock traded hands. The company has a market cap of $4.17 billion, a P/E ratio of 21.30 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The firm has a 50 day moving average of $93.78 and a 200 day moving average of $89.03.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post $6.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.03%. The Hanover Insurance Group’s payout ratio is presently 43.29%.

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Several research firms have commented on THG. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 price objective on shares of The Hanover Insurance Group and gave the company a “hold” rating in a report on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $93.00.

A number of institutional investors have recently bought and sold shares of THG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Hanover Insurance Group by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock worth $140,000 after buying an additional 120 shares during the last quarter. Timber Hill LLC purchased a new position in The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH raised its position in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares during the last quarter. Envestnet Asset Management Inc. raised its position in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares during the last quarter. Finally, World Asset Management Inc raised its position in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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