The Hanover Insurance Group EVP Sells $828,987 in Stock (THG)
The Hanover Insurance Group (NYSE:THG) EVP Andrew S. Robinson unloaded 13,700 shares of the stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $60.51, for a total transaction of $828,987.00. Following the completion of the transaction, the executive vice president now directly owns 21,116 shares of the company’s stock, valued at approximately $1,277,729. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at JMP Securities reiterated a “market perform” rating on shares of The Hanover Insurance Group in a research note on Monday, July 21st. They now have a $68.00 price target on the stock, up previously from $65.00. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $64.67.
The Hanover Insurance Group (NYSE:THG) traded up 1.56% during mid-day trading on Monday, hitting $61.74. The stock had a trading volume of 74,293 shares. The Hanover Insurance Group has a one year low of $49.77 and a one year high of $64.42. The stock has a 50-day moving average of $62.24 and a 200-day moving average of $60.05. The company has a market cap of $2.728 billion and a price-to-earnings ratio of 10.14.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $1.05 earnings per share. The Hanover Insurance Group’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that The Hanover Insurance Group will post $4.96 EPS for the current fiscal year.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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