The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 52.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,105 shares of the insurance provider’s stock after buying an additional 2,783 shares during the quarter. Pacer Advisors Inc.’s holdings in The Hanover Insurance Group were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in The Hanover Insurance Group in the first quarter valued at $31,000. Quarry LP acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at about $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at about $42,000. GHP Investment Advisors Inc. grew its holdings in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 168 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $65,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $146.96 on Friday. The Hanover Insurance Group, Inc. has a 1-year low of $108.03 and a 1-year high of $150.95. The stock has a market cap of $5.28 billion, a P/E ratio of 32.95 and a beta of 0.70. 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 firm has a 50-day moving average of $140.00 and a two-hundred day moving average of $133.22.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data 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 firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned ($1.91) EPS. The Hanover Insurance Group’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Insider Activity

In other news, EVP Jeffrey M. Farber sold 1,200 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the sale, the executive vice president now owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction on 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 SEC, which can be accessed through the SEC website. Also, EVP Jeffrey M. Farber sold 1,200 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $150.11, for a total transaction of $180,132.00. Following the sale, the executive vice president now owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. The disclosure for this sale can be found here. In the last three months, insiders sold 12,352 shares of company stock worth $1,766,623. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on THG shares. Bank of America decreased their price objective on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Piper Sandler increased their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JMP Securities boosted their price objective on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st. Finally, Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.80.

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.