The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,635 shares of the insurance provider’s stock after selling 5,231 shares during the period. Leeward Investments LLC MA owned approximately 0.34% of The Hanover Insurance Group worth $16,563,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of THG. State of Michigan Retirement System raised its position in shares of The Hanover Insurance Group by 3.5% during the first quarter. State of Michigan Retirement System now owns 8,832 shares of the insurance provider’s stock worth $1,203,000 after purchasing an additional 300 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in The Hanover Insurance Group by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock worth $137,377,000 after buying an additional 16,040 shares during the period. Riverview Trust Co acquired a new stake in The Hanover Insurance Group during the 1st quarter worth about $31,000. Congress Asset Management Co. MA lifted its stake in The Hanover Insurance Group by 1.2% during the first quarter. Congress Asset Management Co. MA now owns 29,569 shares of the insurance provider’s stock valued at $4,026,000 after buying an additional 363 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of The Hanover Insurance Group by 8.0% in the first quarter. Park Avenue Securities LLC now owns 4,673 shares of the insurance provider’s stock worth $636,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Activity

In related news, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Willard T. Lee sold 1,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at $597,864.12. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

THG has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler restated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.00.

The Hanover Insurance Group Stock Down 0.9 %

NYSE THG traded down $1.10 during trading on Thursday, reaching $125.58. The company’s stock had a trading volume of 95,498 shares, compared to its average volume of 184,478. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.51 billion, a PE ratio of 28.16 and a beta of 0.68. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.30. The business has a 50-day moving average price of $129.29 and a 200-day moving average price of $129.15.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 10.39 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

About The Hanover Insurance Group

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.