Hanover Insurance Group Inc (NYSE:THG) SVP Warren E. Barnes sold 1,513 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now owns 6,333 shares of the company’s stock, valued at approximately $686,877.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Hanover Insurance Group Inc (NYSE:THG) opened at $107.91 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.48 and a quick ratio of 0.45. Hanover Insurance Group Inc has a twelve month low of $79.23 and a twelve month high of $116.32. The company has a market cap of $4,699.23, a PE ratio of 24.86 and a beta of 1.11.
Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.46) EPS. sell-side analysts expect that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.
A number of large investors have recently added to or reduced their stakes in THG. Tower Research Capital LLC TRC purchased a new stake in Hanover Insurance Group during the 4th quarter worth approximately $108,000. Contravisory Investment Management Inc. purchased a new stake in Hanover Insurance Group during the 4th quarter worth approximately $181,000. Rothschild Investment Corp IL purchased a new stake in Hanover Insurance Group during the 4th quarter worth approximately $210,000. MAI Capital Management purchased a new stake in Hanover Insurance Group during the 4th quarter worth approximately $213,000. Finally, Charter Trust Co. purchased a new stake in Hanover Insurance Group during the 4th quarter worth approximately $216,000. 82.89% of the stock is currently owned by institutional investors.
About Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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