The Hanover Insurance Group, Inc. (THG) Insider Sells $501,063.07 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) insider Mark Joseph Welzenbach sold 4,723 shares of The Hanover Insurance Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $106.09, for a total transaction of $501,063.07. Following the sale, the insider now owns 29,244 shares of the company’s stock, valued at $3,102,495.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mark Joseph Welzenbach also recently made the following trade(s):

  • On Friday, November 3rd, Mark Joseph Welzenbach sold 5,000 shares of The Hanover Insurance Group stock. The shares were sold at an average price of $103.89, for a total transaction of $519,450.00.

The Hanover Insurance Group, Inc. (THG) opened at $106.47 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.45 and a current ratio of 0.45. The Hanover Insurance Group, Inc. has a 12 month low of $79.23 and a 12 month high of $107.16. The firm has a market cap of $4,532.08, a P/E ratio of 46.59 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.74. The Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $1.83 EPS. The company’s revenue was up 5.7% on a year-over-year basis. research analysts predict that The Hanover Insurance Group, Inc. will post 4.65 earnings per share for the current year.

WARNING: “The Hanover Insurance Group, Inc. (THG) Insider Sells $501,063.07 in Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/11/11/the-hanover-insurance-group-inc-thg-insider-sells-501063-07-in-stock.html.

THG has been the subject of a number of recent research reports. BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, October 6th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The Hanover Insurance Group by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 120 shares during the period. Meeder Asset Management Inc. purchased a new stake in The Hanover Insurance Group in the 3rd quarter worth approximately $180,000. Parametrica Management Ltd purchased a new stake in The Hanover Insurance Group in the 3rd quarter worth approximately $235,000. Trust Co. of Toledo NA OH grew its stake in The Hanover Insurance Group by 5.5% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock worth $231,000 after acquiring an additional 135 shares during the period. Finally, Raymond James Trust N.A. purchased a new stake in The Hanover Insurance Group in the 2nd quarter worth approximately $236,000. 85.65% of the stock is 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).

Insider Buying and Selling by Quarter for The Hanover Insurance Group (NYSE:THG)

Receive News & Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply