Sanctuary Advisors LLC Acquires 1,040 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Sanctuary Advisors LLC increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 35.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,013 shares of the insurance provider’s stock after purchasing an additional 1,040 shares during the quarter. Sanctuary Advisors LLC’s holdings in The Hanover Insurance Group were worth $656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at about $25,000. True Wealth Design LLC purchased a new position in The Hanover Insurance Group during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $26,000. GHP Investment Advisors Inc. increased its stake in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 168 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at $60,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total transaction of $721,968.00. Following the completion of the transaction, the executive vice president now owns 80,790 shares in the company, valued at $12,151,623.90. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 29,051 shares of company stock valued at $4,556,803. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $155.40 on Wednesday. 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, Inc. has a twelve month low of $119.66 and a twelve month high of $166.13. The company’s 50-day moving average price is $156.94 and its 200-day moving average price is $143.55. The company has a market cap of $5.60 billion, a PE ratio of 15.42 and a beta of 0.71.

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, beating analysts’ consensus estimates of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.41 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.90 per share. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date is Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.32%. The Hanover Insurance Group’s payout ratio is 35.71%.

Wall Street Analyst Weigh In

THG has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on The Hanover Insurance Group in a report on Thursday, December 5th. They set an “equal weight” rating and a $170.00 price target on the stock. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Bank of America lifted their price target on shares of 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

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.