Greenleaf Trust Invests $218,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

Greenleaf Trust bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,473 shares of the insurance provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also modified their holdings of THG. Point72 Hong Kong Ltd acquired a new stake in The Hanover Insurance Group during the 2nd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in shares of The Hanover Insurance Group in the third quarter valued at $26,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group in the second quarter valued at about $42,000. GHP Investment Advisors Inc. lifted its position in 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 buying an additional 168 shares in the last quarter. Finally, UMB Bank n.a. grew 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 worth $62,000 after acquiring an additional 109 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

THG stock opened at $147.82 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $112.22 and a twelve month high of $155.84. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.31 billion, a P/E ratio of 33.14 and a beta of 0.69. The business’s fifty day moving average is $146.22 and its 200-day moving average is $135.81.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.91) earnings per share. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group 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 SEC, which is available through this link. 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 filing with the SEC, which is available at this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction dated 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 directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,303 shares of company stock valued at $4,372,203. Corporate insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on THG. Bank of America boosted their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Finally, JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

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.