Wealth Enhancement Advisory Services LLC Raises Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Wealth Enhancement Advisory Services LLC raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 28.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,355 shares of the insurance provider’s stock after acquiring an additional 1,424 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in The Hanover Insurance Group were worth $941,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in THG. Boston Partners raised its holdings in The Hanover Insurance Group by 111.8% during the first quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after purchasing an additional 6,753 shares in the last quarter. Interval Partners LP acquired a new stake in The Hanover Insurance Group during the first quarter worth approximately $2,349,000. BNP Paribas Financial Markets raised its holdings in The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock worth $1,624,000 after purchasing an additional 4,738 shares in the last quarter. Tidal Investments LLC acquired a new stake in The Hanover Insurance Group during the first quarter worth approximately $867,000. Finally, Foundations Investment Advisors LLC acquired a new stake in The Hanover Insurance Group during the second quarter worth approximately $681,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jeffrey M. Farber sold 12,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the sale, the executive vice president now directly owns 66,091 shares in the company, valued at $10,249,392.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares in the company, valued at approximately $10,249,392.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,303 shares of company stock worth $4,372,203 in the last three months. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $150.15 on Wednesday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 14.90 and a beta of 0.70. The Hanover Insurance Group, Inc. has a one year low of $112.22 and a one year high of $155.84. The company’s fifty day moving average is $148.04 and its two-hundred day moving average is $136.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm earned $0.19 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Analysts forecast that The Hanover Insurance Group, Inc. will post 11.17 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.26%. The Hanover Insurance Group’s dividend payout ratio is presently 33.73%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on THG shares. Oppenheimer raised their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler lifted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Bank of America lifted their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. JMP Securities lifted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.20.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.