The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,200 shares of the insurance provider’s stock after selling 300 shares during the quarter. Swiss National Bank’s holdings in The Hanover Insurance Group were worth $10,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. grew its stake in shares of The Hanover Insurance Group by 2.0% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock valued at $622,000 after buying an additional 84 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock worth $2,176,000 after acquiring an additional 91 shares during the period. O Shaughnessy Asset Management LLC increased its stake in The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 97 shares during the last quarter. Signaturefd LLC lifted its stake in shares of The Hanover Insurance Group by 8.7% in the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 107 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $163.60 on Monday. The company’s 50 day moving average is $152.25 and its two-hundred day moving average is $139.56. The firm has a market cap of $5.89 billion, a PE ratio of 16.23 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a 52-week low of $119.36 and a 52-week high of $165.27.

The Hanover Insurance Group (NYSE:THG) last released 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 firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The Hanover Insurance Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.08%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 33.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on THG shares. Bank of America boosted their price objective 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 upped their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $173.83.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the sale, the executive vice president now directly owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The trade was a 18.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. The trade was a 10.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,919 shares of company stock worth $5,984,912 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

The Hanover Insurance Group 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.