The Hanover Insurance Group, Inc. (NYSE:THG) SVP Warren E. Barnes Sells 500 Shares

The Hanover Insurance Group, Inc. (NYSE:THGGet Free Report) SVP Warren E. Barnes sold 500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $131.25 on Wednesday. The business’s fifty day moving average price is $125.53 and its 200 day moving average price is $117.20. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $148.78. The stock has a market capitalization of $4.69 billion, a PE ratio of 139.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.81. This represents a $3.40 annualized dividend and a yield of 2.59%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 361.71%.

Hedge Funds Weigh In On The Hanover Insurance Group

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in The Hanover Insurance Group by 129.8% in the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock worth $29,000 after buying an additional 122 shares during the period. UMB Bank n.a. increased its position in The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after buying an additional 84 shares during the period. Baystate Wealth Management LLC increased its position in The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock worth $44,000 after buying an additional 352 shares during the period. Covestor Ltd increased its position in The Hanover Insurance Group by 35.4% in the first quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock worth $78,000 after buying an additional 136 shares during the period. Finally, Quantbot Technologies LP increased its position in The Hanover Insurance Group by 45.7% in the first quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock worth $81,000 after buying an additional 170 shares during the period. 84.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

THG has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $124.00 to $137.00 and gave the company a “market perform” rating in a research report on Tuesday. Piper Sandler increased their price objective on shares of The Hanover Insurance Group from $138.00 to $143.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Oppenheimer increased their price objective on shares of The Hanover Insurance Group from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JMP Securities lowered their price objective on shares of The Hanover Insurance Group from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, October 13th. Finally, StockNews.com raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group has an average rating of “Moderate Buy” and an average price target of $139.33.

Check Out Our Latest Analysis on The Hanover Insurance Group

The Hanover Insurance Group Company Profile

(Get Free Report)

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.

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