The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,516 shares of the insurance provider’s stock after acquiring an additional 713 shares during the period. Jacobs Levy Equity Management Inc. owned 0.89% of The Hanover Insurance Group worth $47,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of The Hanover Insurance Group by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after purchasing an additional 143,339 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in The Hanover Insurance Group by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock worth $147,667,000 after buying an additional 4,717 shares during the period. American Century Companies Inc. raised its position in The Hanover Insurance Group by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after buying an additional 33,249 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in The Hanover Insurance Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after acquiring an additional 30,536 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of The Hanover Insurance Group by 14,711.0% in the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock valued at $81,823,000 after acquiring an additional 548,720 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

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

The Hanover Insurance Group Stock Up 0.5 %

Shares of THG opened at $163.32 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.88 billion, a P/E ratio of 16.20 and a beta of 0.71. The stock’s 50 day moving average is $154.33 and its two-hundred day moving average is $140.92. The Hanover Insurance Group, Inc. has a 12 month low of $119.36 and a 12 month high of $166.13.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data 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 Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.90 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.20%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 33.73%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the transaction, the executive vice president now owns 66,091 shares in the company, valued at approximately $10,249,392.28. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 30,551 shares of company stock worth $4,781,935. Corporate insiders own 2.50% of the company’s stock.

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.