The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,992 shares of the insurance provider’s stock after selling 1,054 shares during the period. TD Asset Management Inc owned approximately 0.07% of The Hanover Insurance Group worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of The Hanover Insurance Group in the first quarter valued at about $31,000. Quarry LP acquired a new stake in shares of The Hanover Insurance Group during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at approximately $42,000. Kapitalo Investimentos Ltda acquired a new stake in shares of The Hanover Insurance Group during the 4th quarter worth about $65,000. Finally, Principal Securities Inc. purchased a new stake in The Hanover Insurance Group in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard W. Lavey sold 8,468 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the sale, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The disclosure for this sale can be found here. Insiders have sold a total of 10,852 shares of company stock valued at $1,541,491 in the last quarter. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on THG shares. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America dropped their target price on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Finally, JMP Securities upped their target price on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.80.

The Hanover Insurance Group Trading Up 0.9 %

Shares of The Hanover Insurance Group stock opened at $145.66 on Friday. The company has a 50-day moving average of $135.28 and a two-hundred day moving average of $131.84. The Hanover Insurance Group, Inc. has a 12-month low of $108.03 and a 12-month high of $149.47. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.24 billion, a PE ratio of 32.66 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.91) earnings per share. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.33%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

The Hanover Insurance Group Profile

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.