Have The Hanover Insurance Group, Inc. (NYSE:THG) Insiders Been Selling Their Stock?

We note that a The Hanover Insurance Group, Inc. (NYSE:THG) insider, Willard Lee, recently sold US$77k worth of stock for US$120 per share. It might not be a huge sale, but it did reduce their holding size 20%, hardly encouraging.

Check out our latest analysis for Hanover Insurance Group

Hanover Insurance Group Insider Transactions Over The Last Year

Notably, that recent sale by Willard Lee is the biggest insider sale of Hanover Insurance Group shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$120. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Hanover Insurance Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Hanover Insurance Group insiders own 0.8% of the company, worth about US$36m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Hanover Insurance Group Insiders?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Hanover Insurance Group has 1 warning sign we think you should be aware of.

But note: Hanover Insurance Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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