Ethic Inc. Sells 123 Shares of The Hanover Insurance Group, Inc. $THG

Ethic Inc. lessened its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,396 shares of the insurance provider’s stock after selling 123 shares during the period. Ethic Inc.’s holdings in The Hanover Insurance Group were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Truist Financial Corp raised its position in shares of The Hanover Insurance Group by 2.8% during the 2nd quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock valued at $383,000 after buying an additional 62 shares in the last quarter. HM Payson & Co. raised its position in shares of The Hanover Insurance Group by 6.7% during the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider’s stock valued at $185,000 after buying an additional 67 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of The Hanover Insurance Group by 3.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock valued at $315,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. raised its position in shares of The Hanover Insurance Group by 20.3% during the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock valued at $79,000 after buying an additional 79 shares in the last quarter. Finally, Somerset Trust Co raised its position in shares of The Hanover Insurance Group by 7.1% during the 2nd quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock valued at $215,000 after buying an additional 84 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $169.96 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $6.08 billion, a P/E ratio of 9.83 and a beta of 0.44. The company’s 50-day simple moving average is $176.39 and its two-hundred day simple moving average is $170.68. The Hanover Insurance Group, Inc. has a one year low of $145.17 and a one year high of $186.46.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.30. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.05 EPS. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio is currently 23.70%.

Analyst Ratings Changes

Several brokerages have recently issued reports on THG. Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research report on Wednesday, July 9th. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.00.

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.