Aptus Capital Advisors LLC Has $7.61 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Aptus Capital Advisors LLC lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,384 shares of the insurance provider's stock after purchasing an additional 6,799 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.14% of The Hanover Insurance Group worth $7,610,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $162.36, for a total transaction of $992,669.04. Following the sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,782,214.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the transaction, the senior vice president now owns 3,013 shares in the company, valued at $416,547.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey M. Farber sold 6,114 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company's stock, valued at $8,782,214.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,303 shares of company stock worth $6,306,926. Insiders own 2.40% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of THG stock traded down $1.48 during trading hours on Wednesday, hitting $162.56. The company had a trading volume of 170,811 shares, compared to its average volume of 175,145. The Hanover Insurance Group, Inc. has a 12 month low of $113.85 and a 12 month high of $164.67. 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 firm's fifty day moving average is $149.82 and its 200 day moving average is $138.01. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 16.13 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business posted $0.19 earnings per share. The business's revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company 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 2.09%. The Hanover Insurance Group's dividend payout ratio is 33.73%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THG. 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. Oppenheimer raised their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Bank of America upped their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, Piper Sandler lifted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Two 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.40.

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.