Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hanover Insurance Group Inc shares valued at $1,148,626 were sold by FARBER JEFFREY M on Nov 29 ’24. At $165.27 per share, FARBER JEFFREY M sold 6,950 shares. The insider’s holdings dropped to 42,091 shares worth approximately $6.42 million following the completion of this transaction.
Also, FARBER JEFFREY M sold 37 shares, netting a total of over 6,105 in proceeds. Following the sale of shares at $165.00 each, the insider now holds 49,041 shares.
Before that, FARBER JEFFREY M had added 6,950 shares to its account. In a trade valued at $1,148,642, the Officer bought Hanover Insurance Group Inc shares for $165.27 each.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Hanover Insurance Group Inc [THG] has been an Equal-weight and the price target has been revised to $170. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of November 16, 2023, Oppenheimer has initiated its “an Outperform” rating for THG. Earlier on August 31, 2023, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for THG stock which previously was a “a Market perform”.
Analyzing THG Stock Performance
During the last five days, there has been a drop of approximately -1.44%. Over the course of the year, Hanover Insurance Group Inc shares have dropped approximately -1.44%. Shares of the company reached a 52-week high of $154.98 on 01/02/25 and a 52-week low of $150.48 on 01/07/25. A 50-day SMA is recorded $156.99, while a 200-day SMA reached $141.01. Nevertheless, trading volume fell to 0.2 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Hanover Insurance Group Inc (THG)
According to the 24-hour chart, there is a support level at 151.26, which, if violated, would cause prices to drop to 150.09. In the upper region, resistance lies at 153.96. The next price resistance is at 155.48. RSI (Relative Strength Index) is 42.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 63.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
