On October 15, 2024, Jeffrey Farber, Executive Vice President of The Hanover Insurance Group Inc (THG, Financial), sold 4,951 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 80,789.594 shares of the company.
The Hanover Insurance Group Inc (THG, Financial) is a holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides a wide range of property and casualty products to businesses, individuals, and families through a network of independent agents.
Over the past year, Jeffrey Farber has engaged in multiple transactions involving company shares. The insider has sold a total of 9,301 shares and has not purchased any shares. This recent sale continues a trend observed over the past year, where there have been 10 insider sells and no insider buys at The Hanover Insurance Group Inc.
Shares of The Hanover Insurance Group Inc were trading at $150.39 on the day of the sale. The company has a market cap of approximately $5.387 billion. The price-earnings ratio of the stock stands at 19.91, which is above both the industry median of 11.51 and the company's historical median.
The stock's valuation according to GF Value is $148.86, leading to a price-to-GF-Value ratio of 1.01. This suggests that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
