Signaturefd LLC Lowers Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Signaturefd LLC trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,250 shares of the insurance provider’s stock after selling 86 shares during the quarter. Signaturefd LLC’s holdings in The Hanover Insurance Group were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of THG. Massachusetts Financial Services Co. MA increased its position in shares of 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 valued at $168,247,000 after acquiring an additional 70,161 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of The Hanover Insurance Group by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock worth $147,667,000 after purchasing an additional 4,717 shares during the last quarter. American Century Companies Inc. raised its stake in shares of The Hanover Insurance Group by 4.3% in the second quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after purchasing an additional 33,249 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of The Hanover Insurance Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after purchasing an additional 30,536 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of The Hanover Insurance Group by 5.3% during the first quarter. Janus Henderson Group PLC now owns 362,046 shares of the insurance provider’s stock valued at $49,298,000 after buying an additional 18,109 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $138.25, for a total value of $69,125.00. Following the completion of the sale, the senior vice president now owns 3,013 shares in the company, valued at approximately $416,547.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 29,303 shares of company stock valued at $4,372,203 over the last quarter. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Stock Performance

THG opened at $147.82 on Monday. The company’s 50 day moving average is $146.22 and its 200 day moving average is $135.84. 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 company has a market cap of $5.31 billion, a price-to-earnings ratio of 33.14 and a beta of 0.69. The Hanover Insurance Group, Inc. has a 12-month low of $112.22 and a 12-month high of $155.84.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted ($1.91) EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s payout ratio is 76.23%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on THG. JMP Securities reissued a “market outperform” rating and issued a $160.00 target price on shares of The Hanover Insurance Group in a research report on Tuesday, October 15th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods raised 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. Finally, Bank of America boosted their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $160.20.

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.