Rep. Jefferson Shreve Sells The Hanover Insurance Group, Inc. (NYSE:THG) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Hanover Insurance Group, Inc. NYSE: THG. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in The Hanover Insurance Group stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $3.63 during mid-day trading on Friday, reaching $166.85. 249,912 shares of the company's stock were exchanged, compared to its average volume of 248,008. The business's fifty day simple moving average is $168.25 and its 200 day simple moving average is $164.56. The firm has a market capitalization of $5.99 billion, a PE ratio of 13.89 and a beta of 0.44. The Hanover Insurance Group, Inc. has a one year low of $130.60 and a one year high of $178.68. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The Hanover Insurance Group's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $3.08 earnings per share. On average, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.16%. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 29.98%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on THG. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price for the company in a research report on Wednesday, July 9th. JMP Securities raised their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley raised their target price on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Piper Sandler raised their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $181.38.

Hedge Funds Weigh In On The Hanover Insurance Group

Several hedge funds have recently made changes to their positions in THG. Truist Financial Corp boosted its stake in The Hanover Insurance Group by 2.8% during the second quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider's stock valued at $383,000 after buying an additional 62 shares during the period. CIBC Private Wealth Group LLC boosted its stake in The Hanover Insurance Group by 0.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock valued at $1,092,000 after buying an additional 65 shares during the period. HM Payson & Co. boosted its stake in The Hanover Insurance Group by 6.7% during the first quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock valued at $185,000 after buying an additional 67 shares during the period. Evergreen Capital Management LLC boosted its stake in The Hanover Insurance Group by 3.8% during the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider's stock valued at $315,000 after buying an additional 67 shares during the period. Finally, AMG National Trust Bank boosted its stake in The Hanover Insurance Group by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock valued at $1,658,000 after buying an additional 71 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the sale, the executive vice president owned 25,864 shares of the company's stock, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About The 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 through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.