Lowe Brockenbrough & Co. Inc. Has $2.18 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Lowe Brockenbrough & Co. Inc. grew its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,693 shares of the insurance provider’s stock after purchasing an additional 91 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in The Hanover Insurance Group were worth $2,176,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners boosted its holdings in shares of The Hanover Insurance Group by 111.8% in the first quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after buying an additional 6,753 shares during the period. Interval Partners LP purchased a new position in The Hanover Insurance Group during the 1st quarter worth approximately $2,349,000. BNP Paribas Financial Markets raised its stake in The Hanover Insurance Group by 65.9% during the 1st quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after purchasing an additional 4,738 shares during the period. Tidal Investments LLC acquired a new stake in The Hanover Insurance Group during the 1st quarter valued at $867,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of The Hanover Insurance Group in the second quarter valued at $681,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 300 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the transaction, the executive vice president now directly owns 89,733 shares in the company, valued at approximately $13,459,950. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 89,733 shares in the company, valued at $13,459,950. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares in the company, valued at $10,249,392.28. 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 three months, insiders sold 29,303 shares of company stock worth $4,372,203. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on THG. JMP Securities upped 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 report on Thursday. Oppenheimer increased their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America boosted 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 report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Finally, Piper Sandler boosted their price target 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $168.20.

The Hanover Insurance Group Stock Performance

THG stock opened at $147.90 on Friday. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 14.67 and a beta of 0.69. The firm has a 50 day moving average of $147.37 and a two-hundred day moving average of $136.32. 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 Hanover Insurance Group, Inc. has a 12 month low of $112.22 and a 12 month high of $155.84.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 16.09%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.92 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is 33.73%.

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.