The Hanover Insurance Group, Inc. $THG Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 25.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,437 shares of the insurance provider’s stock after buying an additional 3,095 shares during the quarter. Nisa Investment Advisors LLC’s holdings in The Hanover Insurance Group were worth $3,305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at $29,000. Clearstead Trust LLC purchased a new stake in The Hanover Insurance Group during the 2nd quarter worth about $36,000. Elevation Wealth Partners LLC boosted its stake in The Hanover Insurance Group by 106.4% in the 3rd quarter. Elevation Wealth Partners LLC now owns 194 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 100 shares during the period. Root Financial Partners LLC boosted its stake in The Hanover Insurance Group by 69.3% in the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 97 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in The Hanover Insurance Group during the 2nd quarter valued at about $51,000. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Down 0.7%

Shares of THG stock opened at $237.99 on Friday. 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, Inc. has a 52-week low of $166.54 and a 52-week high of $239.91. The company has a market capitalization of $8.29 billion, a PE ratio of 11.36 and a beta of 0.23. The business’s fifty day moving average is $225.03 and its 200 day moving average is $209.43.

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

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.95 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 18.14%.

Insider Activity

In other news, EVP Dennis Kerrigan sold 2,104 shares of The Hanover Insurance Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $222.41, for a total transaction of $467,950.64. Following the completion of the sale, the executive vice president owned 12,003 shares in the company, valued at approximately $2,669,587.23. This trade represents a 14.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jane D. Carlin sold 1,000 shares of The Hanover Insurance Group stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the sale, the director owned 2,270 shares of the company’s stock, valued at approximately $525,505. This trade represents a 30.58% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,655 shares of company stock worth $2,145,846. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

THG has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $222.00 to $232.00 and gave the company a “market perform” rating in a research report on Friday, September 18th. Royal Bank Of Canada increased their price target on shares of The Hanover Insurance Group from $215.00 to $235.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Zacks Research upgraded shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of The Hanover Insurance Group from a “buy (a)” rating to a “buy (a+)” rating in a research note on Thursday, October 8th. Finally, Morgan Stanley reduced their price objective on shares of The Hanover Insurance Group from $240.00 to $230.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.43.

The Hanover Insurance Group Profile

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.