Goelzer Investment Management Inc. Reduces Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Goelzer Investment Management Inc. trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,085 shares of the insurance provider’s stock after selling 133 shares during the period. Goelzer Investment Management Inc.’s holdings in The Hanover Insurance Group were worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of THG. TD Asset Management Inc grew its position in shares of The Hanover Insurance Group by 1.7% in the fourth quarter. TD Asset Management Inc now owns 24,326 shares of the insurance provider’s stock valued at $2,954,000 after purchasing an additional 400 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of The Hanover Insurance Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 15,743 shares of the insurance provider’s stock valued at $1,912,000 after buying an additional 160 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Hanover Insurance Group by 75.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after buying an additional 414,993 shares in the last quarter. Quarry LP purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth about $34,000. Finally, Congress Asset Management Co. MA boosted its position in shares of The Hanover Insurance Group by 46.9% in the fourth quarter. Congress Asset Management Co. MA now owns 29,206 shares of the insurance provider’s stock valued at $3,546,000 after acquiring an additional 9,327 shares during the period. Institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on THG shares. Keefe, Bruyette & Woods upped their target price 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. 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 report on Thursday, August 1st. Piper Sandler lifted their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America reduced 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.80.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $3.12 on Friday, hitting $149.03. 112,810 shares of the company traded hands, compared to its average volume of 173,561. The Hanover Insurance Group, Inc. has a 12-month low of $109.04 and a 12-month high of $150.95. 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 company has a market cap of $5.36 billion, a P/E ratio of 33.41 and a beta of 0.69. The firm’s 50-day simple moving average is $141.56 and its 200 day simple moving average is $133.86.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted ($1.91) earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction dated Wednesday, August 21st. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the transaction, the executive vice president now directly owns 85,983 shares in the company, valued at $12,906,908.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,352 shares of company stock worth $1,766,623 over the last ninety days. Insiders own 2.40% of the company’s stock.

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.