The Hanover Insurance Group, Inc. (NYSE:THG) insider John C. Roche sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the transaction, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of The Hanover Insurance Group, Inc. (THG) traded down 0.13% on Monday, hitting $97.52. 234,364 shares of the stock traded hands. The company has a market cap of $4.14 billion, a PE ratio of 20.95 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $98.15. The firm’s 50 day moving average is $89.75 and its 200-day moving average is $87.76.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts predict that The Hanover Insurance Group, Inc. will post $6.11 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday. BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $93.00.

Several institutional investors have recently added to or reduced their stakes in the stock. Timber Hill LLC purchased a new position in The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH raised its position in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. raised its position in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc raised its position in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in The Hanover Insurance Group during the second quarter valued at $266,000. 84.14% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Company Profile

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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