Natixis Advisors LLC Boosts Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Natixis Advisors LLC raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,925 shares of the insurance provider’s stock after purchasing an additional 1,408 shares during the period. Natixis Advisors LLC’s holdings in The Hanover Insurance Group were worth $1,766,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in The Hanover Insurance Group in the 2nd quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group during the second quarter valued at $42,000. GHP Investment Advisors Inc. increased its position in The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 168 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at about $60,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on THG. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Bank of America raised their target price on shares of 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. Piper Sandler boosted their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Oppenheimer raised their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.83.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the sale, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. This trade represents a 18.92 % 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 12,000 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the sale, the executive vice president now owns 66,091 shares in the company, valued at $10,249,392.28. This represents a 15.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,919 shares of company stock valued at $5,984,912 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Trading Down 1.2 %

Shares of THG opened at $161.69 on Tuesday. The stock’s fifty day simple moving average is $152.25 and its 200 day simple moving average is $139.56. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $165.27. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.83 billion, a P/E ratio of 16.04 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $0.19 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.10%. The Hanover Insurance Group’s dividend payout ratio is currently 33.73%.

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.