The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,261 shares of the insurance provider’s stock after purchasing an additional 473 shares during the quarter. Commonwealth Equity Services LLC’s holdings in The Hanover Insurance Group were worth $1,162,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of The Hanover Insurance Group by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider’s stock worth $92,374,000 after acquiring an additional 14,609 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in The Hanover Insurance Group by 75.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after purchasing an additional 414,993 shares in the last quarter. Wellington Management Group LLP raised its stake in The Hanover Insurance Group by 149.4% during the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider’s stock valued at $50,725,000 after purchasing an additional 250,254 shares during the period. Norges Bank purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at $48,900,000. Finally, Boston Partners boosted its position in shares of The Hanover Insurance Group by 111.8% in the first quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after buying an additional 6,753 shares during the period. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $148.47 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 12 month low of $108.03 and a 12 month high of $149.47. The company’s fifty day moving average is $136.13 and its 200-day moving average is $132.00. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 33.25 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned ($1.91) earnings per share. Equities analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.29%. The Hanover Insurance Group’s payout ratio is presently 76.23%.

Wall Street Analyst Weigh In

THG has been the subject of several research analyst reports. Bank of America reduced their price objective on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. JMP Securities raised their price target on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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 research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $157.80.

Insider Buying and Selling

In related news, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the transaction, the senior vice president now owns 3,013 shares in the company, valued at approximately $416,547.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The disclosure for this sale can be found here. Insiders have sold 10,852 shares of company stock worth $1,541,491 in the last quarter. 2.40% of the stock is currently owned by company insiders.

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.