Insider Selling: Hanover Insurance Group Inc (THG) Insider Sells 3,515 Shares of Stock

Hanover Insurance Group Inc (NYSE:THG) insider Ann Kirkpatrick Tripp sold 3,515 shares of Hanover Insurance Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.78, for a total transaction of $428,056.70. Following the sale, the insider now directly owns 18,285 shares of the company’s stock, valued at approximately $2,226,747.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ann Kirkpatrick Tripp also recently made the following trade(s):

  • On Friday, May 3rd, Ann Kirkpatrick Tripp sold 1,777 shares of Hanover Insurance Group stock. The shares were sold at an average price of $121.57, for a total transaction of $216,029.89.
  • On Tuesday, February 12th, Ann Kirkpatrick Tripp sold 5,646 shares of Hanover Insurance Group stock. The shares were sold at an average price of $115.81, for a total transaction of $653,863.26.

NYSE THG traded down $0.44 on Thursday, hitting $121.47. The stock had a trading volume of 238,004 shares, compared to its average volume of 252,692. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Hanover Insurance Group Inc has a 52-week low of $104.59 and a 52-week high of $131.44. The firm has a market capitalization of $4.96 billion, a P/E ratio of 17.89 and a beta of 0.70.

Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.17. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Hanover Insurance Group Inc will post 8.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, June 7th. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. Hanover Insurance Group’s payout ratio is currently 35.35%.

Several large investors have recently bought and sold shares of THG. Norges Bank acquired a new stake in shares of Hanover Insurance Group during the fourth quarter worth $67,981,000. First Trust Advisors LP lifted its stake in shares of Hanover Insurance Group by 950.7% during the first quarter. First Trust Advisors LP now owns 279,290 shares of the insurance provider’s stock worth $31,887,000 after buying an additional 252,709 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of Hanover Insurance Group by 257.7% during the first quarter. Chartwell Investment Partners LLC now owns 131,971 shares of the insurance provider’s stock worth $15,067,000 after buying an additional 95,073 shares during the period. Hancock Whitney Corp lifted its stake in shares of Hanover Insurance Group by 109.1% during the first quarter. Hancock Whitney Corp now owns 168,282 shares of the insurance provider’s stock worth $19,213,000 after buying an additional 87,819 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Hanover Insurance Group by 1,037.5% during the fourth quarter. Two Sigma Investments LP now owns 89,859 shares of the insurance provider’s stock worth $10,493,000 after buying an additional 81,959 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Tuesday, May 7th. Compass Point assumed coverage on shares of Hanover Insurance Group in a report on Friday, March 1st. They set a “buy” rating and a $118.71 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Hanover Insurance Group presently has an average rating of “Buy” and an average price target of $131.93.

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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. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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Insider Buying and Selling by Quarter for Hanover Insurance Group (NYSE:THG)

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