AMG National Trust Bank Has $1.59 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

AMG National Trust Bank lifted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 99.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,705 shares of the insurance provider's stock after acquiring an additional 5,339 shares during the period. AMG National Trust Bank's holdings in The Hanover Insurance Group were worth $1,586,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in The Hanover Insurance Group in the third quarter worth about $26,000. Point72 Hong Kong Ltd acquired a new stake in The Hanover Insurance Group during the 2nd quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of The Hanover Insurance Group in the second quarter worth about $42,000. Capital Performance Advisors LLP purchased a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $60,000. Finally, UMB Bank n.a. raised its holdings in shares of The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Performance

THG stock traded down $1.43 during midday trading on Tuesday, hitting $162.96. 80,773 shares of the company traded hands, compared to its average volume of 174,377. The business has a 50 day simple moving average of $150.50 and a 200-day simple moving average of $138.52. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a twelve month low of $117.56 and a twelve month high of $165.27. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 16.31 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, equities research analysts predict that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group's dividend payout ratio is currently 33.73%.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were 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 trade represents a 14.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was 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 41,303 shares of company stock worth $6,306,926 over the last three months. Company insiders own 2.50% of the company's stock.

Analyst Ratings Changes

THG has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Bank of America increased their price target 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 raised their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. JMP Securities lifted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their price target on 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $173.40.

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.