Hanover Insurance Group Inc (NYSE:THG) insider Mark Joseph Welzenbach sold 2,216 shares of Hanover Insurance Group stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $115.24, for a total value of $255,371.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Mark Joseph Welzenbach also recently made the following trade(s):
On Friday, February 1st, Mark Joseph Welzenbach sold 7,402 shares of Hanover Insurance Group stock. The shares were sold at an average price of $113.05, for a total value of $836,796.10.
THG stock traded up $0.62 during trading on Monday, reaching $115.55. 168,685 shares of the stock traded hands, compared to its average volume of 311,603. Hanover Insurance Group Inc has a 52-week low of $104.59 and a 52-week high of $131.44. The company has a current ratio of 0.51, a quick ratio of 0.39 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.87 billion, a PE ratio of 17.05 and a beta of 0.71.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that Hanover Insurance Group Inc will post 8 EPS for the current fiscal year.
The company also recently declared a special dividend, which was paid on Friday, January 25th. Shareholders of record on Thursday, January 10th were given a dividend of $4.75 per share. This represents a yield of 2.08%. The ex-dividend date was Wednesday, January 9th. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.35%.
Hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC purchased a new stake in Hanover Insurance Group during the fourth quarter valued at about $26,000. Nkcfo LLC purchased a new stake in Hanover Insurance Group during the fourth quarter valued at about $27,000. First Command Bank purchased a new stake in Hanover Insurance Group during the fourth quarter valued at about $40,000. First Command Financial Services Inc. purchased a new stake in Hanover Insurance Group during the fourth quarter valued at about $40,000. Finally, Essex Savings Bank purchased a new stake in shares of Hanover Insurance Group in the fourth quarter worth about $45,000. 88.52% of the stock is owned by hedge funds and other institutional investors.
THG has been the subject of a number of recent analyst reports. ValuEngine downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Buckingham Research initiated coverage on Hanover Insurance Group in a research report on Friday, December 14th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. One 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. The company currently has a consensus rating of “Hold” and a consensus price target of $136.50.
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 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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