The Hanover Insurance Group, Inc. $THG Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THGFree Report) by 1,447.6% in the second quarter, Holdings Channel.com reports. The fund owned 24,761 shares of the insurance provider’s stock after buying an additional 23,161 shares during the quarter. WINTON GROUP Ltd’s holdings in The Hanover Insurance Group were worth $5,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of The Hanover Insurance Group by 44.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,952 shares of the insurance provider’s stock worth $418,000 after purchasing an additional 596 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth about $205,000. IFP Advisors Inc grew its holdings in shares of The Hanover Insurance Group by 334.7% during the 2nd quarter. IFP Advisors Inc now owns 639 shares of the insurance provider’s stock worth $137,000 after purchasing an additional 492 shares during the period. Allworth Financial LP increased its position in The Hanover Insurance Group by 52.8% during the 2nd quarter. Allworth Financial LP now owns 1,746 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 603 shares in the last quarter. Finally, West Family Investments Inc. acquired a new stake in The Hanover Insurance Group during the 2nd quarter worth approximately $537,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Dennis Kerrigan sold 2,104 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $222.41, for a total value of $467,950.64. Following the completion of the transaction, the executive vice president owned 12,003 shares in the company, valued at approximately $2,669,587.23. This trade represents a 14.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane Carlin sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the completion of the sale, the director owned 2,270 shares of the company’s stock, valued at $525,505. This trade represents a 30.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,655 shares of company stock valued at $2,145,846. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $235.00 to $240.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $220.00 to $222.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Piper Sandler lowered shares of The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective for the company. in a research report on Wednesday, July 15th. Weiss Ratings raised shares of The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, July 30th. Finally, Oppenheimer lifted their target price on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.71.

Get Our Latest Stock Analysis on The Hanover Insurance Group

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $223.59 on Friday. The firm has a market cap of $7.79 billion, a P/E ratio of 10.67 and a beta of 0.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The Hanover Insurance Group, Inc. has a 1-year low of $166.54 and a 1-year high of $236.07. The firm has a fifty day moving average of $222.56 and a two-hundred day moving average of $198.72.

The Hanover Insurance Group (NYSE:THGGet Free Report) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $1.47. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.35 EPS. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. The Hanover Insurance Group’s payout ratio is currently 18.14%.

About The Hanover Insurance Group

(Free Report)

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its offerings are designed for individuals, families, businesses and specialty-market customers, with a focus on helping policyholders manage risks involving property, automobiles, liability and business operations.

The company’s personal lines business includes automobile, homeowners, renters, condominium, umbrella and related insurance products.

Further Reading

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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