Hunter Perkins Capital Management LLC Has $1.87 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Hunter Perkins Capital Management LLC raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,610 shares of the insurance provider’s stock after acquiring an additional 445 shares during the period. Hunter Perkins Capital Management LLC’s holdings in The Hanover Insurance Group were worth $1,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THG. Vanguard Group Inc. increased its stake in shares of The Hanover Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock valued at $439,998,000 after buying an additional 13,030 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of The Hanover Insurance Group by 5.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock worth $168,247,000 after purchasing an additional 70,161 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in The Hanover Insurance Group by 1.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock worth $137,377,000 after acquiring an additional 16,040 shares during the last quarter. American Century Companies Inc. grew its holdings in The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after buying an additional 33,249 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $100,111,000 after acquiring an additional 30,536 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the sale, the executive vice president now directly owns 89,733 shares in the company, valued at $13,459,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the completion of the transaction, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,303 shares of company stock worth $2,511,243. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Bank of America boosted their price objective 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 reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of The Hanover Insurance Group in a research report on Tuesday. Piper Sandler increased their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.20.

The Hanover Insurance Group Stock Performance

Shares of NYSE:THG traded up $1.39 during trading on Wednesday, hitting $151.10. The stock had a trading volume of 27,178 shares, compared to its average volume of 172,901. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $142.83 and a two-hundred day simple moving average of $134.63. The Hanover Insurance Group, Inc. has a 12-month low of $112.22 and a 12-month high of $151.89. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 33.57 and a beta of 0.69.

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

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.25%. The Hanover Insurance Group’s payout ratio is currently 76.23%.

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.