The Hanover Insurance Group, Inc. $THG Shares Newly Bought by MBL Wealth LLC

MBL Wealth LLC purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,880 shares of the insurance provider’s stock, valued at approximately $617,000.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in The Hanover Insurance Group in the 3rd quarter valued at about $89,000. Quadrant Capital Group LLC boosted its stake in shares of The Hanover Insurance Group by 0.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 6,841 shares of the insurance provider’s stock worth $1,522,000 after buying an additional 56 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 25.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,437 shares of the insurance provider’s stock worth $3,305,000 after buying an additional 3,095 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of The Hanover Insurance Group by 129.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 37,744 shares of the insurance provider’s stock valued at $8,082,000 after acquiring an additional 21,272 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of The Hanover Insurance Group by 101.7% during the third quarter. IFP Advisors Inc now owns 1,289 shares of the insurance provider’s stock valued at $276,000 after acquiring an additional 650 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Dennis Kerrigan sold 6,551 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the sale, the executive vice president directly owned 12,003 shares of the company’s stock, valued at $2,650,142.37. This represents a 35.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jane Carlin sold 1,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $231.50, for a total transaction of $231,500.00. Following the sale, the director directly owned 2,270 shares in the company, valued at approximately $525,505. This trade represents a 30.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,655 shares of company stock valued at $2,145,846 in the last quarter. 2.80% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Performance

NYSE THG traded down $1.60 on Friday, hitting $237.99. 244,589 shares of the stock traded hands, compared to its average volume of 255,254. The business’s fifty day moving average is $225.03 and its two-hundred day moving average is $209.43. The Hanover Insurance Group, Inc. has a 12 month low of $166.54 and a 12 month high of $239.91. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 11.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $1.47. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $4.35 earnings per share. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 20.25 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a $3.80 annualized dividend and a dividend yield of 1.6%. The Hanover Insurance Group’s dividend payout ratio is presently 18.14%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $222.00 to $232.00 and gave the stock a “market perform” rating in a report on Friday, September 18th. Royal Bank Of Canada upped their price objective on The Hanover Insurance Group from $215.00 to $235.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Morgan Stanley decreased their target price on The Hanover Insurance Group from $240.00 to $230.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a research report on Friday, July 10th. Finally, Piper Sandler cut The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.43.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its principal operating subsidiary is The Hanover Insurance Company, which traces its roots to 1852 and is headquartered in Worcester, Massachusetts.

The company offers personal insurance products such as automobile, homeowners, condominium, renters and umbrella coverage. Its commercial insurance business serves small and midsize businesses with products that include commercial property, general liability, commercial automobile, workers’ compensation and other specialized coverages.

The Hanover also provides specialty insurance solutions for select industries and risks, including professional liability, management liability, marine and other niche commercial exposures.