Goelzer Investment Management Inc. Has $3.72 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Goelzer Investment Management Inc. decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,085 shares of the insurance provider’s stock after selling 133 shares during the period. Goelzer Investment Management Inc. owned approximately 0.07% of The Hanover Insurance Group worth $3,715,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of THG. O Shaughnessy Asset Management LLC grew its stake in The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares during the period. Signaturefd LLC boosted its stake in The Hanover Insurance Group by 8.7% during the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock worth $168,000 after acquiring an additional 107 shares in the last quarter. Blue Trust Inc. grew its holdings in The Hanover Insurance Group by 20.7% in the second quarter. Blue Trust Inc. now owns 753 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 129 shares during the period. Pullen Investment Management LLC increased its stake in The Hanover Insurance Group by 3.1% in the second quarter. Pullen Investment Management LLC now owns 4,434 shares of the insurance provider’s stock valued at $556,000 after purchasing an additional 134 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of The Hanover Insurance Group by 1.5% during the second quarter. Raymond James & Associates now owns 10,048 shares of the insurance provider’s stock valued at $1,260,000 after purchasing an additional 152 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Up 2.1 %

The Hanover Insurance Group stock traded up $3.12 during trading on Friday, hitting $149.03. 112,810 shares of the company were exchanged, compared to its average volume of 173,561. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $141.56 and its 200 day moving average is $133.86. The Hanover Insurance Group, Inc. has a 52 week low of $109.04 and a 52 week high of $150.95. The company has a market capitalization of $5.36 billion, a P/E ratio of 33.41 and a beta of 0.69.

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, meeting the consensus estimate of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted ($1.91) earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts predict that The Hanover Insurance Group, Inc. will post 10.99 earnings per share 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. Shareholders of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.28%. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on THG. Bank of America decreased their target price on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $157.80.

Insider Transactions at The Hanover Insurance Group

In related news, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard W. Lavey sold 8,468 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at approximately $5,224,826.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,352 shares of company stock worth $1,766,623 in the last 90 days. Insiders own 2.40% of the company’s stock.

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.