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John C. Roche, the President and CEO of Hanover Insurance Group Inc . (NYSE:THG), a $6.3 billion market cap insurance company currently trading near its 52-week high of $176, recently executed a series of stock transactions, according to a recent SEC filing. According to InvestingPro analysis, the company maintains a GREAT financial health score and trades at a P/E ratio of 14.77. On March 28 and March 31, Roche sold a total of 701 shares of common stock, generating approximately $122,687. The shares were sold at prices ranging from $175.00 to $175.03 each.
In addition to the sales, Roche also exercised options to acquire 701 shares at a price of $77.91 per share, highlighting his continued investment in the company. The transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted in November 2024. Following these transactions, Roche’s direct ownership stands at 124,413.708 shares, excluding shares held by his spouse.
In other recent news, The Hanover Insurance Group has reported its fourth-quarter earnings for 2024, surpassing analyst forecasts and prompting Oppenheimer to increase its price target from $177 to $185 while maintaining an Outperform rating. This positive performance has led to expectations of double-digit earnings per share (EPS) growth in 2025 and 2026, driven by increased net investment income and improving underwriting margins. Additionally, BMO Capital Markets has raised its price target slightly to $189, citing the company’s ability to improve its underlying loss ratio in personal lines, despite some margin deterioration in the commercial segment.
Keefe, Bruyette & Woods have also adjusted their outlook, raising the price target to $179 following the company’s earnings report, while maintaining a Market Perform rating. The firm’s analysts highlighted Hanover’s efforts in reducing property-related earnings volatility and maintaining adequate commercial casualty reserves. Furthermore, The Hanover Insurance Group has announced the appointment of Jeffrey M. Farber as the new Principal Accounting Officer, following the retirement of Warren E. Barnes.
This executive change is seen as part of the company’s strategic management to ensure a smooth transition in its financial leadership team. These developments reflect a period of strategic adjustments and positive financial outlooks for The Hanover Insurance Group, as observed by various analyst firms.
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