GAMMA Investing LLC Has $52,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

GAMMA Investing LLC raised its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 226.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 339 shares of the insurance provider’s stock after purchasing an additional 235 shares during the period. GAMMA Investing LLC’s holdings in The Hanover Insurance Group were worth $52,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in The Hanover Insurance Group by 61.5% during the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after purchasing an additional 10,341 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after purchasing an additional 6,112 shares during the last quarter. HighTower Advisors LLC grew its holdings in The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after purchasing an additional 5,194 shares during the last quarter. Markel Group Inc. boosted its position in shares of The Hanover Insurance Group by 5.8% in the third quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock valued at $37,620,000 after acquiring an additional 14,000 shares during the period. Finally, FMR LLC boosted its position in shares of The Hanover Insurance Group by 11.5% in the third quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after acquiring an additional 17,583 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 5,886 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $160.05, for a total value of $942,054.30. Following the completion of the sale, the executive vice president now directly owns 60,205 shares in the company, valued at approximately $9,635,810.25. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 24,100 shares of company stock valued at $3,812,183. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley assumed coverage on The Hanover Insurance Group in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $170.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a “market perform” rating in a research report on Friday. Piper Sandler increased their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JMP Securities increased their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $174.88.

The Hanover Insurance Group Stock Up 1.9 %

Shares of NYSE THG opened at $149.87 on Tuesday. The stock has a market cap of $5.40 billion, a PE ratio of 14.87 and a beta of 0.72. The business has a fifty day moving average of $157.59 and a two-hundred day moving average of $146.29. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $166.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. As a group, equities research analysts expect that The Hanover Insurance Group, Inc. will post 11.41 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.40%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.71%.

The Hanover Insurance Group 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.