Hanover Insurance Group Inc (THG) SVP Sells $653,863.26 in Stock

Hanover Insurance Group Inc (NYSE:THG) SVP Ann Kirkpatrick Tripp sold 5,646 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $115.81, for a total value of $653,863.26. Following the completion of the sale, the senior vice president now owns 18,631 shares in the company, valued at $2,157,656.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:THG traded down $0.02 on Wednesday, hitting $117.93. The company had a trading volume of 4,014 shares, compared to its average volume of 313,917. Hanover Insurance Group Inc has a 52-week low of $104.59 and a 52-week high of $131.44. The company has a market capitalization of $4.89 billion, a P/E ratio of 17.50 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 (NYSE:THG) last released its earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.04. Hanover Insurance Group had a return on equity of 11.14% and a net margin of 7.88%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Hanover Insurance Group Inc will post 8 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Friday, January 25th. Investors of record on Thursday, January 10th were given a dividend of $4.75 per share. The ex-dividend date was Wednesday, January 9th. This represents a yield of 2.08%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.35%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THG. Marshall Wace LLP purchased a new position in Hanover Insurance Group during the third quarter worth about $29,757,000. Monarch Partners Asset Management LLC purchased a new position in Hanover Insurance Group during the third quarter worth about $29,165,000. Vanguard Group Inc. lifted its position in 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 worth $518,897,000 after buying an additional 71,869 shares during the period. Vanguard Group Inc lifted its position in 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 worth $518,897,000 after buying an additional 71,869 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Hanover Insurance Group by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,267,616 shares of the insurance provider’s stock worth $148,019,000 after buying an additional 66,512 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Several brokerages have recently issued reports on THG. Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Buckingham Research began coverage on Hanover Insurance Group in a research report on Friday, December 14th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Hanover Insurance Group has a consensus rating of “Hold” and a consensus price target of $136.50.

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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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