The Hanover Insurance Group, Inc. $THG Shares Bought by Ethic Inc.

Ethic Inc. lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 89.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,414 shares of the insurance provider’s stock after purchasing an additional 2,553 shares during the quarter. Ethic Inc.’s holdings in The Hanover Insurance Group were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. bought a new stake in The Hanover Insurance Group in the third quarter valued at $29,000. Clearstead Trust LLC bought a new position in shares of The Hanover Insurance Group during the second quarter worth about $36,000. Provenance Wealth Advisors LLC bought a new position in shares of The Hanover Insurance Group during the third quarter worth about $37,000. Elevation Wealth Partners LLC grew its position in shares of The Hanover Insurance Group by 106.4% during the third quarter. Elevation Wealth Partners LLC now owns 194 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of The Hanover Insurance Group in the 2nd quarter worth about $51,000. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard Lee sold 9,946 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $249.14, for a total value of $2,477,946.44. Following the completion of the sale, the executive vice president directly owned 6,004 shares of the company’s stock, valued at $1,495,836.56. The trade was a 62.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dennis Kerrigan sold 2,104 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $222.41, for a total transaction of $467,950.64. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold 33,023 shares of company stock worth $7,988,995 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on THG. 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. Keefe, Bruyette & Woods restated a “market perform” rating on shares of The Hanover Insurance Group in a research note on Friday, November 6th. Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $230.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Citizens Jmp lifted their price target on The Hanover Insurance Group from $240.00 to $250.00 and gave the company a “market outperform” rating in a report on Thursday, October 29th. Finally, Zacks Research upgraded The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.62.

The Hanover Insurance Group Trading Up 0.1%

NYSE:THG opened at $248.30 on Friday. The stock has a fifty day simple moving average of $230.54 and a 200 day simple moving average of $203.92. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 11.87 and a beta of 0.24. The Hanover Insurance Group, Inc. has a 1-year low of $166.54 and a 1-year high of $256.74. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.23.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, October 28th. The insurance provider reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.53. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.81 billion. The Hanover Insurance Group had a net margin of 10.97% and a return on equity of 21.63%. During the same period in the previous year, the business earned $5.09 EPS. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 20.80 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.95 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.80 dividend on an annualized basis and a yield of 1.5%. The Hanover Insurance Group’s payout ratio is 18.17%.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc. is a property and casualty insurer founded in 1852 as the Hanover Fire Insurance Company. Headquartered in Worcester, Massachusetts, it provides insurance products and services primarily in the United States. The company offers personal insurance, including coverage for homes and automobiles, as well as commercial insurance for businesses. Its commercial offerings include coverage for small and midsize businesses and specialty risks. The Hanover distributes its products mainly through independent insurance agents and brokers, working with them to serve individuals, families, and businesses.