Separately, Zacks Investment Research upgraded shares of Hanover Insurance Group from a hold rating to a buy rating and set a $151.00 price objective for the company in a research note on Wednesday, October 16th.
NYSE THG traded up $1.05 on Monday, hitting $134.28. 168,092 shares of the company’s stock traded hands, compared to its average volume of 253,783. 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 has a 1-year low of $104.59 and a 1-year high of $137.15. The firm’s 50-day moving average price is $133.20 and its two-hundred day moving average price is $128.87. The firm has a market capitalization of $5.18 billion, a PE ratio of 19.78 and a beta of 0.55.
In other Hanover Insurance Group news, EVP Bryan J. Salvatore sold 688 shares of Hanover Insurance Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $130.39, for a total transaction of $89,708.32. Following the completion of the sale, the executive vice president now directly owns 6,776 shares in the company, valued at approximately $883,522.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.65% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in THG. Steward Partners Investment Advisory LLC acquired a new stake in Hanover Insurance Group during the 2nd quarter valued at approximately $25,000. Whittier Trust Co. purchased a new position in shares of Hanover Insurance Group during the 3rd quarter valued at approximately $25,000. Bartlett & Co. LLC increased its holdings in shares of Hanover Insurance Group by 159.0% during the 2nd quarter. Bartlett & Co. LLC now owns 202 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Hanover Insurance Group during the 2nd quarter valued at approximately $26,000. Finally, Financial Advantage Inc. purchased a new position in shares of Hanover Insurance Group during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.41% of the company’s stock.
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 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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