Hantz Financial Services Inc. Sells 3,186 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Hantz Financial Services Inc. trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 13.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,940 shares of the insurance provider’s stock after selling 3,186 shares during the quarter. Hantz Financial Services Inc. owned about 0.06% of The Hanover Insurance Group worth $2,953,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of The Hanover Insurance Group by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after acquiring an additional 6,112 shares during the last quarter. FMR LLC lifted its position in The Hanover Insurance Group by 11.5% during the third quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after purchasing an additional 17,583 shares during the period. Algert Global LLC boosted its holdings in The Hanover Insurance Group by 19.5% in the third quarter. Algert Global LLC now owns 10,839 shares of the insurance provider’s stock worth $1,605,000 after purchasing an additional 1,770 shares during the last quarter. Cerity Partners LLC grew its position in The Hanover Insurance Group by 23.7% in the 3rd quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider’s stock worth $832,000 after purchasing an additional 1,078 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in The Hanover Insurance Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock valued at $54,733,000 after buying an additional 17,856 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Up 0.5 %

THG stock opened at $165.01 on Friday. The business’s 50-day moving average price is $153.76 and its 200-day moving average price is $140.51. The stock has a market cap of $5.95 billion, a P/E ratio of 16.37 and a beta of 0.70. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $166.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. The Hanover Insurance Group’s dividend payout ratio is presently 33.73%.

Insider Activity

In related news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total transaction of $180,132.00. Following the sale, the executive vice president now owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 30,551 shares of company stock worth $4,781,935 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

THG has been the topic of a number of research reports. Piper Sandler raised their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Bank of America increased their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Oppenheimer increased their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, JMP Securities boosted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.83.

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.