In a filing, Hanover Insurance Group Inc revealed its Executive Vice President FARBER JEFFREY M unloaded Company’s shares for reported $1.15 million on Nov 29 ’24. In the deal valued at $165.27 per share,6,950 shares were sold. As a result of this transaction, FARBER JEFFREY M now holds 42,091 shares worth roughly $6.48 million.
Then, FARBER JEFFREY M sold 37 shares, generating $6,105 in total proceeds. Upon selling the shares at $165.00, the Executive Vice President now owns 49,041 shares.
Before that, FARBER JEFFREY M bought 6,950 shares. Hanover Insurance Group Inc shares valued at $1,148,642 were divested by the Officer at a price of $165.27 per share.
Morgan Stanley initiated its Hanover Insurance Group Inc [THG] rating to an Equal-weight in a research note published on December 05, 2024; the price target was $170. A number of analysts have revised their coverage, including Janney’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Oppenheimer began covering THG with “an Outperform” recommendation on November 16, 2023. BMO Capital Markets revised its rating on August 31, 2023. It rated THG as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of THG
On Friday, Hanover Insurance Group Inc [NYSE:THG] saw its stock jump 0.29% to $153.93. Over the last five days, the stock has lost -0.15%. Hanover Insurance Group Inc shares have risen nearly 26.77% since the year began. Nevertheless, the stocks have risen 27.33% over the past one year. While a 52-week high of $166.13 was reached on 11/29/24, a 52-week low of $119.36 was recorded on 06/14/24. SMA at 50 days reached $156.36, while 200 days put it at $139.63.
Levels Of Support And Resistance For THG Stock
The 24-hour chart illustrates a support level at 152.59, which if violated will result in even more drops to 151.24. On the upside, there is a resistance level at 155.38. A further resistance level may holdings at 156.82. The Relative Strength Index (RSI) on the 14-day chart is 43.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.42%. Stochastics %K at 16.76% indicates the stock is a buying.
How much short interest is there in Hanover Insurance Group Inc?
A steep rise in short interest was recorded in Hanover Insurance Group Inc stocks on 2024-11-29, dropping by 37055.0 shares to a total of 0.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.25 million shares. There was a decline of -17.54%, which implies that there is a negative sentiment for the stock.
