Nordea Investment Management AB Purchases 3,615 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Nordea Investment Management AB boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,275 shares of the insurance provider’s stock after acquiring an additional 3,615 shares during the quarter. Nordea Investment Management AB owned 0.17% of The Hanover Insurance Group worth $9,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 81 shares during the period. Lecap Asset Management Ltd. lifted its holdings in shares of The Hanover Insurance Group by 2.0% during the third quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after buying an additional 84 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in shares of The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock valued at $2,176,000 after acquiring an additional 91 shares during the period. UMB Bank n.a. increased its position in The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 109 shares during the period. Finally, Boston Financial Mangement LLC increased its position in The Hanover Insurance Group by 6.8% during the third quarter. Boston Financial Mangement LLC now owns 2,350 shares of the insurance provider’s stock worth $348,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 4,800 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $150.41, for a total value of $721,968.00. Following the transaction, the executive vice president now directly owns 80,790 shares of the company’s stock, valued at approximately $12,151,623.90. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 28,900 shares of company stock valued at $4,534,151. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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 research report on Thursday, November 7th. JMP Securities boosted their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Piper Sandler raised their target price 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. BMO Capital Markets upped their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Bank of America lifted 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 note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, The Hanover Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $174.13.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $152.71 on Friday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.15 and a beta of 0.72. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $166.13. The stock has a fifty day simple moving average of $157.52 and a 200 day simple moving average of $145.74. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27.

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

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.90 dividend. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.36%. The Hanover Insurance Group’s payout ratio is presently 35.71%.

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.