Hanover Insurance Group Inc (NYSE:THG) EVP Richard W. Lavey sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $121.15, for a total value of $605,750.00. Following the completion of the sale, the executive vice president now directly owns 20,637 shares of the company’s stock, valued at approximately $2,500,172.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE THG opened at $123.68 on Friday. Hanover Insurance Group Inc has a twelve month low of $104.59 and a twelve month high of $131.44. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.97 billion, a P/E ratio of 18.22 and a beta of 0.70.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.17. Hanover Insurance Group had a return on equity of 11.02% and a net margin of 9.19%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Hanover Insurance Group Inc will post 8.1 EPS for the current year.
THG has been the subject of several research analyst reports. Compass Point initiated coverage on Hanover Insurance Group in a research report on Friday, March 1st. They set a “buy” rating and a $118.71 price objective for the company. Zacks Investment Research cut Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Hanover Insurance Group presently has a consensus rating of “Buy” and an average target price of $131.93.
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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