Hsbc Holdings PLC Buys 1,526 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Hsbc Holdings PLC boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 89.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,228 shares of the insurance provider’s stock after purchasing an additional 1,526 shares during the period. Hsbc Holdings PLC’s holdings in The Hanover Insurance Group were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its stake in The Hanover Insurance Group by 20.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,125 shares of the insurance provider’s stock worth $643,000 after purchasing an additional 882 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in The Hanover Insurance Group by 7.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,280 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 165 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 worth $100,111,000 after purchasing an additional 30,536 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in 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 worth $168,247,000 after purchasing an additional 70,161 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in The Hanover Insurance Group by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 91,121 shares of the insurance provider’s stock worth $11,430,000 after purchasing an additional 6,157 shares during the period. Institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Piper Sandler boosted their target price 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. JMP Securities boosted their target price on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Finally, Bank of America reduced their target price on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two research 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 Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $157.80.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $138.25, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. The disclosure for this sale can be found here. Insiders sold 12,352 shares of company stock worth $1,766,623 in the last quarter. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Up 0.4 %

Shares of THG opened at $148.76 on Wednesday. The company has a market capitalization of $5.35 billion, a P/E ratio of 33.37 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 Hanover Insurance Group, Inc. has a one year low of $108.03 and a one year high of $150.95. The business’s 50 day simple moving average is $140.30 and its 200-day simple moving average is $133.38.

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

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

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.