The Hanover Insurance Group, Inc. $THG Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 64.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,361 shares of the insurance provider’s stock after selling 4,372 shares during the quarter. XTX Topco Ltd’s holdings in The Hanover Insurance Group were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in The Hanover Insurance Group by 62.7% during the 1st quarter. Cetera Investment Advisers now owns 6,692 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 2,578 shares during the period. LPL Financial LLC grew its holdings in The Hanover Insurance Group by 9.5% during the first quarter. LPL Financial LLC now owns 13,047 shares of the insurance provider’s stock worth $2,270,000 after acquiring an additional 1,132 shares during the period. US Bancorp DE raised its position in The Hanover Insurance Group by 7.9% in the first quarter. US Bancorp DE now owns 2,587 shares of the insurance provider’s stock worth $450,000 after acquiring an additional 190 shares in the last quarter. Commerce Bank acquired a new stake in The Hanover Insurance Group in the first quarter valued at $204,000. Finally, Cary Street Partners Financial LLC boosted its position in shares of The Hanover Insurance Group by 14.4% during the 1st quarter. Cary Street Partners Financial LLC now owns 2,733 shares of the insurance provider’s stock worth $475,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Denise Lowsley sold 1,619 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total value of $293,799.93. Following the sale, the executive vice president directly owned 3,511 shares of the company’s stock, valued at approximately $637,141.17. This trade represents a 31.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on THG. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Finally, Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $195.83.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $177.70 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $6.32 billion, a PE ratio of 10.28 and a beta of 0.33. The firm has a 50 day simple moving average of $178.54 and a 200-day simple moving average of $173.53. The Hanover Insurance Group, Inc. has a 1-year low of $145.17 and a 1-year high of $188.18.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, topping the consensus estimate of $3.79 by $1.30. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 21.73%. The Hanover Insurance Group’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.05 EPS. On average, equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $0.95 dividend. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date is Friday, December 12th. This represents a $3.80 annualized dividend and a yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 20.82%.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.