Leeward Investments LLC MA Sells 661 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Leeward Investments LLC MA cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,312 shares of the insurance provider’s stock after selling 661 shares during the quarter. The Hanover Insurance Group makes up about 1.1% of Leeward Investments LLC MA’s investment portfolio, making the stock its 25th largest position. Leeward Investments LLC MA owned approximately 0.43% of The Hanover Insurance Group worth $22,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after purchasing an additional 4,738 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of The Hanover Insurance Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,332 shares of the insurance provider’s stock valued at $4,266,000 after acquiring an additional 439 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of The Hanover Insurance Group by 9.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,727 shares of the insurance provider’s stock worth $507,000 after acquiring an additional 316 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of The Hanover Insurance Group by 124.7% during the 1st quarter. SG Americas Securities LLC now owns 3,642 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Sei Investments Co. boosted its position in The Hanover Insurance Group by 2.7% during the first quarter. Sei Investments Co. now owns 138,338 shares of the insurance provider’s stock valued at $18,837,000 after purchasing an additional 3,689 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Up 4.6 %

NYSE:THG opened at $157.05 on Thursday. The company has a market capitalization of $5.66 billion, a P/E ratio of 15.58 and a beta of 0.70. 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 Hanover Insurance Group, Inc. has a 12 month low of $112.22 and a 12 month high of $159.27. The firm has a fifty day simple moving average of $148.37 and a 200-day simple moving average of $136.99.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.17 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 33.73%.

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 related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the transaction, the executive vice president now directly owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,303 shares of company stock worth $4,372,203. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on THG shares. Bank of America boosted 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 report on Thursday, October 10th. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Oppenheimer boosted their target price on 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.20.

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.