Swiss National Bank Lowers Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Swiss National Bank reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,200 shares of the insurance provider’s stock after selling 300 shares during the quarter. Swiss National Bank owned about 0.19% of The Hanover Insurance Group worth $10,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased 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 buying an additional 70,161 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of The Hanover Insurance Group by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock valued at $147,667,000 after purchasing an additional 4,717 shares in the last quarter. American Century Companies Inc. lifted its position in shares of The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after purchasing an additional 33,249 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of The Hanover Insurance Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after purchasing an additional 30,536 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in The Hanover Insurance Group by 14,711.0% in the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after buying an additional 548,720 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Up 0.5 %

Shares of The Hanover Insurance Group stock opened at $163.60 on Monday. The Hanover Insurance Group, Inc. has a 12-month low of $119.36 and a 12-month high of $165.27. The firm’s 50 day simple moving average is $152.25 and its two-hundred day simple moving average is $139.56. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 16.23 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. Analysts predict that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared 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. This represents a $3.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 33.73%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target on the stock. in a report on Thursday. Oppenheimer boosted their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JMP Securities raised their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Bank of America raised their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $173.83.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the sale, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $144.01, for a total value of $1,219,476.68. Following the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The trade was a 18.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,919 shares of company stock worth $5,984,912. Company insiders own 2.40% of the company’s stock.

About The Hanover Insurance Group

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.