West Family Investments Inc. Acquires Shares of 2,510 The Hanover Insurance Group, Inc. $THG

West Family Investments Inc. purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,510 shares of the insurance provider’s stock, valued at approximately $537,000.

A number of other large investors also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $26,000. McMillan Office Inc. acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at about $31,000. Entrust Financial LLC purchased a new position in The Hanover Insurance Group in the 4th quarter worth approximately $33,000. Clearstead Trust LLC purchased a new position in The Hanover Insurance Group during the second quarter worth approximately $36,000. Finally, Root Financial Partners LLC boosted its position in shares of The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 97 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total transaction of $231,500.00. Following the completion of the transaction, the director owned 2,270 shares in the company, valued at approximately $525,505. This represents a 30.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Kerrigan sold 6,551 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,655 shares of company stock valued at $2,145,846. 2.80% of the stock is owned by insiders.

The Hanover Insurance Group Trading Down 1.7%

NYSE:THG opened at $224.57 on Wednesday. The stock’s 50 day moving average price is $222.37 and its 200 day moving average price is $198.04. The company has a market capitalization of $7.82 billion, a PE ratio of 10.72 and a beta of 0.26. The Hanover Insurance Group, Inc. has a 52-week low of $166.54 and a 52-week high of $236.07. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.84 by $1.47. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The Hanover Insurance Group’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.35 EPS. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 EPS for the current year.

The Hanover Insurance Group announced that its board has initiated a share buyback plan on Wednesday, May 13th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the insurance provider to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.7%. The Hanover Insurance Group’s payout ratio is presently 18.14%.

Analyst Ratings Changes

A number of research analysts recently commented on THG shares. Piper Sandler cut The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a report on Wednesday, July 15th. Royal Bank Of Canada raised their price objective on shares of 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. BMO Capital Markets lowered The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $194.00 to $203.00 in a research report on Tuesday, May 19th. Oppenheimer increased their price objective on The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Citizens Jmp boosted their price objective on The Hanover Insurance Group from $225.00 to $240.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.71.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.