Russell Investments Group Ltd. increased its interest in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating ) by 50.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,674 shares of the insurance provider’s stock after selling 66,736 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of The Hanover Insurance Group worth $8,412,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC grew its stake in shares of The Hanover Insurance Group by 55.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Assetmark Inc. grew its stake in shares of The Hanover Insurance Group by 139.2% in the 2nd quarter. Assetmark Inc. now owns 244 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of The Hanover Insurance Group in the 2nd quarter valued at approximately $47,000. Riverview Trust Co grew its stake in shares of The Hanover Insurance Group by 48.2% in the 3rd quarter. Riverview Trust Co now owns 338 shares of the insurance provider’s stock valued at $43,000 after buying an additional 110 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of The Hanover Insurance Group by 35.4% in the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after buying an additional 136 shares in the last quarter. Institutional investors own 86.39% of the company’s shares.
Hanover Insurance Group’s stock rises 1.0%
Shares of THG stock opened at $134.58 on Wednesday. The Hanover Insurance Group, Inc. has a 12 month low of $123.36 and a 12 month high of $155.55. The firm has a market cap of $4.79 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72. The stock has a 50-day moving average of $137.39 and a 200-day moving average of $136.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.34.
Hanover Insurance Group (NYSE:THG – Get Rating ) last issued its quarterly earnings results on Tuesday, November 1st. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The Hanover Insurance Group had a return on equity of 13.26% and a net margin of 5.42%. The company had revenue of $1.41 billion in the quarter, compared to analysts’ estimates of $1.37 billion. Equities analysts predict, on average, that The Hanover Insurance Group, Inc. 5.54 EPS for the current year will achieve.
The Hanover Insurance Group Raises Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.81 per share. The ex-dividend date was Wednesday, December 14th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.75. This represents a dividend of $3.24 on an annualized basis and a dividend yield of 2.41%. Hanover Insurance Group’s payout ratio is 40.15%.
Analyst Rating Changes
A number of equities research analysts have issued reports on the company. Piper Sandler boosted their target price on The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Janney Montgomery Scott assumed coverage on The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 target price for the company. BMO Capital Markets assumed coverage on The Hanover Insurance Group in a research report on Thursday, January 19th. They set a “market perform” rating and a $141.00 target price for the company. StockNews.com cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Finally, Morgan Stanley boosted their target price on The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Hold” and an average target price of $151.50.
Insider dealings at The Hanover Insurance Group
In related news, EVP Mark Joseph Welzenbach sold 2,673 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following the completion of the transaction, the executive vice president now directly owns 19,846 shares in the company, valued at $2,822,299.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC website. Corporate insiders own 2.50% of the company’s shares.
The Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company engaged in providing property and casualty products and services. It operates through the following segments: Commercial lines, personal lines and others. The commercial lines segment includes commercial multiple peril, commercial auto, workers’ compensation and other commercial coverage such as specialty program business, inland marine, management and professional liability and surety.
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