Share on StockTwits

The Hanover Insurance Group (NYSE:THG) EVP Gregory D. Tranter sold 18,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $58.96, for a total value of $1,105,500.00. Following the transaction, the executive vice president now directly owns 35,735 shares in the company, valued at approximately $2,106,936. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Guggenheim initiated coverage on shares of The Hanover Insurance Group in a research note on Friday, February 14th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.43.

The Hanover Insurance Group (NYSE:THG) traded up 0.07% during mid-day trading on Tuesday, hitting $59.08. 46,069 shares of the company’s stock traded hands. The Hanover Insurance Group has a 52 week low of $45.81 and a 52 week high of $62.35. The stock has a 50-day moving average of $59.6 and a 200-day moving average of $59.09. The company has a market cap of $2.647 billion and a P/E ratio of 11.06.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that The Hanover Insurance Group will post $4.90 earnings per share for the current fiscal year.

The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.