Jane Street Group LLC Acquires 1,200 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Jane Street Group LLC raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,321 shares of the insurance provider’s stock after purchasing an additional 1,200 shares during the quarter. Jane Street Group LLC owned 0.08% of The Hanover Insurance Group worth $4,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Captrust Financial Advisors lifted its holdings in shares of The Hanover Insurance Group by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 81 shares during the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of The Hanover Insurance Group by 2.0% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock valued at $622,000 after purchasing an additional 84 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of The Hanover Insurance Group by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock worth $2,176,000 after purchasing an additional 91 shares during the period. Signaturefd LLC increased its position in shares of The Hanover Insurance Group by 8.7% during the 2nd 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 last quarter. Finally, UMB Bank n.a. raised its holdings in The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock valued at $62,000 after buying an additional 109 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $150.10 on Thursday. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $166.13. 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 stock has a fifty day simple moving average of $156.41 and a two-hundred day simple moving average of $142.69. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.89 and a beta of 0.71.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts predict that The Hanover Insurance Group, Inc. will post 11.41 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio is presently 35.71%.

Wall Street Analysts Forecast Growth

Several research firms have commented on THG. Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They set an “equal weight” rating and a $170.00 price objective for the company. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Oppenheimer raised their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.29.

Insider Activity

In related news, EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the sale, the executive vice president now owns 66,091 shares of the company’s stock, valued at $10,249,392.28. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 29,051 shares of company stock worth $4,556,803. Corporate insiders own 2.40% of the company’s stock.

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.