Claro Advisors LLC Increases Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Claro Advisors LLC boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 503.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,919 shares of the insurance provider’s stock after purchasing an additional 24,125 shares during the quarter. Claro Advisors LLC owned about 0.08% of The Hanover Insurance Group worth $4,283,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $26,000. Riverview Trust Co purchased a new position in shares of The Hanover Insurance Group in the first quarter worth approximately $31,000. 1620 Investment Advisors Inc. purchased a new position in shares of The Hanover Insurance Group in the second quarter worth approximately $42,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after buying an additional 168 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Jeffrey M. Farber sold 4,800 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total transaction of $721,968.00. Following the transaction, the executive vice president now owns 80,790 shares in the company, valued at $12,151,623.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of the 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 have sold a total of 17,303 shares of company stock worth $2,511,243 over the last quarter. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Down 0.3 %

The Hanover Insurance Group stock traded down $0.51 during trading hours on Friday, reaching $154.40. The stock had a trading volume of 9,092 shares, compared to its average volume of 172,879. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 34.73 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50 day moving average price is $144.06 and its 200-day moving average price is $134.98. The Hanover Insurance Group, Inc. has a 52 week low of $112.22 and a 52 week high of $154.94.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted ($1.91) earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.85 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.20%. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Wall Street Analyst Weigh In

A number of research firms have commented on THG. Bank of America raised their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.20.

The Hanover Insurance Group Company 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.