34,152 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,152 shares of the insurance provider’s stock, valued at approximately $4,284,000. Cubist Systematic Strategies LLC owned approximately 0.10% of The Hanover Insurance Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of THG. Bank of Montreal Can lifted its stake in shares of The Hanover Insurance Group by 48.0% during the second quarter. Bank of Montreal Can now owns 11,843 shares of the insurance provider’s stock valued at $1,488,000 after acquiring an additional 3,840 shares during the period. ProShare Advisors LLC raised its position in shares of The Hanover Insurance Group by 1.7% during the 2nd quarter. ProShare Advisors LLC now owns 232,671 shares of the insurance provider’s stock valued at $29,186,000 after acquiring an additional 3,991 shares during the last quarter. Sei Investments Co. raised its position in shares of The Hanover Insurance Group by 7.5% during the 2nd quarter. Sei Investments Co. now owns 148,739 shares of the insurance provider’s stock valued at $18,659,000 after acquiring an additional 10,401 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of The Hanover Insurance Group by 52.3% in the 2nd quarter. Pacer Advisors Inc. now owns 8,105 shares of the insurance provider’s stock valued at $1,017,000 after purchasing an additional 2,783 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of The Hanover Insurance Group in the 2nd quarter worth $431,000. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Down 0.1 %

NYSE:THG opened at $146.96 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50-day simple moving average is $140.00 and its 200-day simple moving average is $133.22. The Hanover Insurance Group, Inc. has a fifty-two week low of $108.03 and a fifty-two week high of $150.95. The stock has a market capitalization of $5.28 billion, a PE ratio of 32.95 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced 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 net margin of 4.44% and a return on equity of 12.42%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted ($1.91) earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Sell-side 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 company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is 76.23%.

Insider Activity

In related news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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 in the company, valued at $13,459,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Jeffrey M. Farber sold 1,200 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the sale, the executive vice president now owns 85,983 shares of the company’s stock, valued at $12,906,908.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total transaction of $45,000.00. Following the transaction, the executive vice president now owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. The disclosure for this sale can be found here. Insiders have sold a total of 12,352 shares of company stock worth $1,766,623 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the subject of a number of recent analyst reports. JMP Securities upped their price objective on 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. Bank of America lowered their price target on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Finally, Piper Sandler upped their target price on shares of 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. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.80.

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.