The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 116.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,643 shares of the insurance provider’s stock after acquiring an additional 61,738 shares during the quarter. AQR Capital Management LLC’s holdings in The Hanover Insurance Group were worth $14,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth about $25,000. Squarepoint Ops LLC purchased a new position in The Hanover Insurance Group during the 2nd quarter worth approximately $1,673,000. Cubist Systematic Strategies LLC acquired a new position in The Hanover Insurance Group during the second quarter worth approximately $4,284,000. Bank of Montreal Can lifted its stake in The Hanover Insurance Group by 48.0% in the second quarter. Bank of Montreal Can now owns 11,843 shares of the insurance provider’s stock valued at $1,488,000 after buying an additional 3,840 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of The Hanover Insurance Group by 1.7% in the second quarter. ProShare Advisors LLC now owns 232,671 shares of the insurance provider’s stock valued at $29,186,000 after acquiring an additional 3,991 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 1,200 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the sale, the executive vice president now owns 85,983 shares in the company, valued at $12,906,908.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $150.11, for a total transaction of $180,132.00. Following the completion of the sale, the executive vice president now directly owns 85,983 shares in the company, valued at approximately $12,906,908.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard W. Lavey sold 8,468 shares of the business’s stock in a transaction that occurred 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 directly owns 36,281 shares in the company, valued at approximately $5,224,826.81. The disclosure for this sale can be found here. Insiders have sold a total of 12,352 shares of company stock valued at $1,766,623 in the last ninety days. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Trading Up 0.4 %

Shares of The Hanover Insurance Group stock opened at $148.76 on Wednesday. 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 firm has a market cap of $5.35 billion, a price-to-earnings ratio of 33.35 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 company’s 50-day simple moving average is $140.30 and its 200-day simple moving average is $133.38.

The Hanover Insurance Group (NYSE:THG) last issued 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 Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted ($1.91) EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.29%. The Hanover Insurance Group’s payout ratio is currently 76.23%.

Analyst Upgrades and Downgrades

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

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.