Private Advisor Group LLC Invests $222,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

Private Advisor Group LLC acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,499 shares of the insurance provider’s stock, valued at approximately $222,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Bank of America lifted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Piper Sandler increased their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Oppenheimer increased their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.40.

The Hanover Insurance Group Price Performance

Shares of THG opened at $156.35 on Friday. The firm has a fifty day moving average price of $148.61 and a 200 day moving average price of $137.13. The stock has a market cap of $5.63 billion, a PE ratio of 15.51 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 1-year low of $112.22 and a 1-year high of $159.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion during 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 business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 11.22 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.17%. The Hanover Insurance Group’s payout ratio is 33.73%.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the transaction, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the completion of the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at $416,547.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Insiders sold a total of 29,303 shares of company stock worth $4,372,203 in the last 90 days. 2.50% of the stock is owned by insiders.

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.