The Manufacturers Life Insurance Company Has $3.91 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

The Manufacturers Life Insurance Company lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,148 shares of the insurance provider’s stock after selling 408 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of The Hanover Insurance Group worth $3,907,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group in the second quarter worth about $25,000. Riverview Trust Co acquired a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $31,000. Quarry LP bought a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group in the second quarter valued at approximately $42,000. Finally, GHP Investment Advisors Inc. raised its position in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 168 shares during the period. 86.61% of the stock is currently owned by institutional investors.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total transaction of $180,132.00. Following the sale, the executive vice president now directly owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total transaction of $180,132.00. Following the completion of the transaction, the executive vice president now directly owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the completion of the sale, the senior vice president now directly owns 3,013 shares in the company, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,352 shares of company stock valued at $1,766,623 over the last quarter. 2.40% of the stock is owned by company insiders.

The Hanover Insurance Group Trading Down 2.8 %

The Hanover Insurance Group stock opened at $144.81 on Tuesday. The business has a 50 day moving average price of $141.76 and a two-hundred day moving average price of $134.09. 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 Hanover Insurance Group, Inc. has a 12 month low of $109.04 and a 12 month high of $150.95. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 32.47 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned ($1.91) earnings per share. The Hanover Insurance Group’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 2.35%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Analysts Set New Price Targets

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

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.