Xponance Inc. Lowers Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Xponance Inc. lessened its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,860 shares of the insurance provider’s stock after selling 382 shares during the quarter. Xponance Inc.’s holdings in The Hanover Insurance Group were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THG. O Shaughnessy Asset Management LLC grew its position in shares of The Hanover Insurance Group by 4.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 97 shares during the period. Signaturefd LLC grew its holdings in The Hanover Insurance Group by 8.7% in the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 107 shares during the period. Blue Trust Inc. increased its position in shares of The Hanover Insurance Group by 20.7% in the second quarter. Blue Trust Inc. now owns 753 shares of the insurance provider’s stock valued at $103,000 after buying an additional 129 shares in the last quarter. Pullen Investment Management LLC raised its stake in shares of The Hanover Insurance Group by 3.1% during the 2nd quarter. Pullen Investment Management LLC now owns 4,434 shares of the insurance provider’s stock worth $556,000 after buying an additional 134 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of The Hanover Insurance Group by 9.5% during the 4th quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock valued at $210,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the completion of the sale, the senior vice president now owns 3,013 shares of the company’s stock, valued at $416,547.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Insiders sold 12,352 shares of company stock valued at $1,766,623 in the last three months. 2.40% of the stock is currently owned by insiders.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $148.11 on Tuesday. The firm has a 50-day simple moving average of $140.30 and a 200-day simple moving average of $133.38. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 33.21 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 52 week low of $108.03 and a 52 week high of $150.95.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The Hanover Insurance Group’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.91) EPS. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s payout ratio is currently 76.23%.

The Hanover Insurance Group Company 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.