Tower Research Capital LLC TRC Has $239,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Tower Research Capital LLC TRC cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,862 shares of the insurance provider’s stock after selling 182 shares during the quarter. Tower Research Capital LLC TRC’s holdings in The Hanover Insurance Group were worth $239,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of THG. BlackRock Inc. boosted its stake in shares of The Hanover Insurance Group by 1.6% during the first quarter. BlackRock Inc. now owns 3,235,297 shares of the insurance provider’s stock valued at $483,743,000 after purchasing an additional 50,073 shares in the last quarter. State Street Corp boosted its stake in shares of The Hanover Insurance Group by 4.9% during the first quarter. State Street Corp now owns 1,096,740 shares of the insurance provider’s stock valued at $163,985,000 after purchasing an additional 51,132 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of The Hanover Insurance Group by 2.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,066,220 shares of the insurance provider’s stock valued at $155,934,000 after purchasing an additional 29,441 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of The Hanover Insurance Group by 26.5% during the third quarter. Victory Capital Management Inc. now owns 921,752 shares of the insurance provider’s stock valued at $118,113,000 after purchasing an additional 192,809 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of The Hanover Insurance Group by 0.6% during the second quarter. Macquarie Group Ltd. now owns 906,564 shares of the insurance provider’s stock valued at $132,585,000 after purchasing an additional 4,969 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $170.00 price target on shares of The Hanover Insurance Group in a research note on Friday, February 3rd. Morgan Stanley raised their price objective on The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Piper Sandler raised their price objective on The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. BMO Capital Markets began coverage on The Hanover Insurance Group in a research report on Thursday, January 19th. They set a “market perform” rating and a $141.00 price objective for the company. Finally, Janney Montgomery Scott began coverage on The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $155.20.

Insiders Place Their Bets

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 862 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $138.51, for a total value of $119,395.62. Following the completion of the sale, the senior vice president now directly owns 4,075 shares in the company, valued at $564,428.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Trading Down 0.5 %

Shares of THG stock opened at $137.33 on Friday. The company has a market cap of $4.89 billion, a P/E ratio of 42.78, a PEG ratio of 0.36 and a beta of 0.68. The stock has a 50 day simple moving average of $137.60 and a two-hundred day simple moving average of $137.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group, Inc. has a fifty-two week low of $123.36 and a fifty-two week high of $155.55.

The Hanover Insurance Group (NYSE:THG – Get Rating) last issued its earnings results on Wednesday, February 1st. The insurance provider reported ($1.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.05). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 7.98% and a net margin of 2.12%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 earnings per share. Research analysts forecast that The Hanover Insurance Group, Inc. will post 9.72 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $3.24 dividend on an annualized basis and a yield of 2.36%. The Hanover Insurance Group’s payout ratio is currently 100.93%.

The Hanover Insurance Group Company Profile

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.