International Assets Investment Management LLC Has $468,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

International Assets Investment Management LLC lessened its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,730 shares of the insurance provider’s stock after selling 100 shares during the period. International Assets Investment Management LLC’s holdings in The Hanover Insurance Group were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of The Hanover Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock worth $439,998,000 after acquiring an additional 13,030 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in The Hanover Insurance Group by 27.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,214,520 shares of the insurance provider’s stock valued at $147,467,000 after buying an additional 264,483 shares during the period. Victory Capital Management Inc. lifted its stake in The Hanover Insurance Group by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider’s stock valued at $125,495,000 after buying an additional 75,737 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of The Hanover Insurance Group by 75.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after buying an additional 414,993 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $146.99 on Friday. The company has a fifty day moving average price of $131.77 and a 200-day moving average price of $131.24. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 32.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The Hanover Insurance Group, Inc. has a 1 year low of $103.82 and a 1 year high of $147.19.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.91) earnings per share. As a group, equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.53 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group’s payout ratio is 76.23%.

Insider Buying and Selling

In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on THG shares. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Oppenheimer lifted 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 research report on Friday, May 3rd. Bank of America lowered their price objective on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, JMP Securities boosted their target price on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.50.

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.