The Hanover Insurance Group, Inc. (NYSE:THG)’s Executive Vice President, Andrew Robinson, unloaded 13,700 shares of Common Stock on Friday. The stock was sold directly for a weighted average price of $60.51 per share, and in addition to this, the insider exercised his use of stock options. This is one of many stock dispositions to be completed by Robinson throughout the fiscal year, as he’s been regularly unloading shares. Last Monday, he sold 7,900 shares of Common Stock for $60.51 per share, but his largest sale of the year was executed back in February, when the insider unloaded 25,000 shares of Common Stock for $57.50 per share.
On another note, Q1 of fiscal 2014 showed positive improvements as hedge funds’ confidence in the insurance firm increased. David Dreman’s Dreman Value Management, for one, augmented its stakes in the firm by 4% last quarter, bringing the hedge fund’s total shares up to 218,612, with an estimated value of $13.4 million.
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