Creative Planning Buys 2,193 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Creative Planning increased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,718 shares of the insurance provider’s stock after acquiring an additional 2,193 shares during the quarter. Creative Planning’s holdings in The Hanover Insurance Group were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of THG. Massachusetts Financial Services Co. MA boosted its stake in shares of The Hanover Insurance Group by 5.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock valued at $168,247,000 after purchasing an additional 70,161 shares during the period. American Century Companies Inc. increased its stake in shares of The Hanover Insurance Group by 4.3% in the second quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after buying an additional 33,249 shares during the period. Dimensional Fund Advisors LP raised its holdings in The Hanover Insurance Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after buying an additional 30,536 shares during the last quarter. Janus Henderson Group PLC boosted its position in The Hanover Insurance Group by 5.3% during the 1st quarter. Janus Henderson Group PLC now owns 362,046 shares of the insurance provider’s stock valued at $49,298,000 after buying an additional 18,109 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in The Hanover Insurance Group by 3.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 282,302 shares of the insurance provider’s stock valued at $38,441,000 after buying an additional 8,392 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on THG shares. Bank of America boosted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on 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. Piper Sandler increased their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

The Hanover Insurance Group Price Performance

THG stock opened at $149.20 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 1 year low of $112.22 and a 1 year high of $155.84. The firm has a 50-day moving average of $146.49 and a 200 day moving average of $135.98. The company has a market cap of $5.36 billion, a P/E ratio of 33.45 and a beta of 0.69.

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

The Hanover Insurance Group Announces Dividend

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

Insider Buying and Selling at The Hanover Insurance Group

In other news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this link. In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group 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 transaction, the senior vice president now owns 3,013 shares in the company, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,303 shares of company stock valued at $4,372,203. 2.40% of the stock is currently owned by company insiders.

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.