The Hanover Insurance Group, Inc. (NYSE:THG) EVP Willard T. Lee Sells 1,000 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the transaction, the executive vice president now owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

The Hanover Insurance Group Stock Up 0.1 %

The Hanover Insurance Group stock traded up $0.19 during midday trading on Wednesday, reaching $135.31. The stock had a trading volume of 86,557 shares, compared to its average volume of 166,556. The firm’s fifty day simple moving average is $130.74 and its 200-day simple moving average is $126.76. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.00. The stock has a market capitalization of $4.86 billion, a P/E ratio of 30.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THG. TheStreet upgraded The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. Oppenheimer lifted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Piper Sandler reiterated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group during the 1st quarter worth approximately $31,000. UMB Bank n.a. increased its position in shares of The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares during the last quarter. Quarry LP acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth approximately $34,000. Baystate Wealth Management LLC increased its position in shares of The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 352 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

The 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 peril, commercial automobile, workers' compensation, and other commercial lines coverage.