NBC Securities Inc. Increases Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

NBC Securities Inc. grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 221.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 589 shares of the insurance provider’s stock after buying an additional 406 shares during the quarter. NBC Securities Inc.’s holdings in The Hanover Insurance Group were worth $87,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in THG. Wellington Management Group LLP boosted its stake in shares of The Hanover Insurance Group by 149.4% in the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider’s stock valued at $50,725,000 after buying an additional 250,254 shares during the period. Point72 Asset Management L.P. purchased a new stake in The Hanover Insurance Group during the second quarter worth approximately $14,684,000. Massachusetts Financial Services Co. MA lifted its stake in The Hanover Insurance Group by 5.5% during the second 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 during the last quarter. AQR Capital Management LLC lifted its stake in The Hanover Insurance Group by 116.7% during the second quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider’s stock worth $14,150,000 after purchasing an additional 61,738 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in The Hanover Insurance Group during the second quarter worth approximately $4,284,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted 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. Piper Sandler lifted their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America lifted their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

Insiders Place Their Bets

In other news, EVP Jeffrey M. Farber sold 4,800 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total value of $721,968.00. Following the sale, the executive vice president now directly owns 80,790 shares in the company, valued at $12,151,623.90. This 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 is available through the SEC website. In other news, EVP Jeffrey M. Farber sold 1,200 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total value of $180,132.00. Following the sale, the executive vice president now directly owns 85,983 shares in the company, valued at $12,906,908.13. This 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 is available through the SEC website. Also, EVP Jeffrey M. Farber sold 4,800 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $150.41, for a total value of $721,968.00. Following the completion of the transaction, the executive vice president now owns 80,790 shares of the company’s stock, valued at $12,151,623.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,303 shares of company stock worth $2,511,243. 2.40% of the stock is owned by corporate insiders.

The Hanover Insurance Group Trading Up 0.2 %

NYSE:THG opened at $155.21 on Monday. The firm has a market cap of $5.58 billion, a P/E ratio of 34.80 and a beta of 0.69. 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 stock’s 50 day simple moving average is $144.51 and its 200-day simple moving average is $135.15. The Hanover Insurance Group, Inc. has a 12-month low of $112.22 and a 12-month high of $155.38.

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, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned ($1.91) earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 EPS 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 dividend on an annualized basis and a yield of 2.19%. The Hanover Insurance Group’s payout ratio is 76.23%.

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.