John C. Roche, the President and CEO of Hanover Insurance Group Inc . (NYSE:THG), reported significant stock transactions according to a recent SEC filing. On March 26 and 27, Roche sold a total of 1,100 shares of common stock, generating proceeds of $192,655. The sale price per share ranged from $175.01 to $175.17, notably close to the company’s 52-week high of $175.88. With a market capitalization of $6.2 billion and a P/E ratio of 14.5, Hanover Insurance Group has shown strong market performance.
The transactions were part of a pre-established Rule 10b5-1 Trading Plan. Concurrently, Roche exercised options to acquire 1,100 shares at a price of $77.91 each, as part of his stock option plan. Following these transactions, Roche’s direct ownership stands at 124,277.851 shares, excluding 14,454 shares held by his spouse. According to InvestingPro analysis, THG currently trades slightly below its Fair Value, with 8 additional exclusive insights available to subscribers, including detailed insider trading analysis and comprehensive valuation metrics.
In other recent news, The Hanover Insurance Group reported its fourth-quarter 2024 earnings, exceeding analyst expectations and prompting Oppenheimer to raise its price target to $185 while maintaining an Outperform rating. Oppenheimer analysts anticipate double-digit earnings per share (EPS) growth for 2025 and 2026, driven by increased net investment income and improving underwriting margins. Meanwhile, BMO Capital Markets adjusted its price target for Hanover Insurance to $189, citing a positive outlook on the company’s loss ratio improvements in personal lines, although they expect some margin deterioration in the commercial segment. Keefe, Bruyette & Woods also revised their price target to $179, maintaining a Market Perform rating, following an analysis of Hanover’s reserve releases and earnings potential. The analysts noted an increase in projected EPS for 2025 and 2026 due to anticipated premium growth and reserve releases. Additionally, The Hanover Insurance Group announced a significant executive change, appointing Jeffrey M. Farber as the new Principal Accounting Officer. This transition follows the planned retirement of Warren E. Barnes, ensuring continuity in the company’s financial leadership. Investors are closely monitoring these developments, as they reflect both strategic management decisions and market confidence in Hanover’s future performance.
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