Bridgewater Associates LP Has $5.61 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Bridgewater Associates LP trimmed its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 13.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,863 shares of the insurance provider's stock after selling 6,033 shares during the period. Bridgewater Associates LP owned 0.11% of The Hanover Insurance Group worth $5,608,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Boston Partners raised its stake in shares of The Hanover Insurance Group by 111.8% in the 1st quarter. Boston Partners now owns 12,794 shares of the insurance provider's stock valued at $1,739,000 after acquiring an additional 6,753 shares in the last quarter. Markel Group Inc. raised its stake in shares of The Hanover Insurance Group by 5.8% in the 3rd 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 in the last quarter. Tidal Investments LLC bought a new position in shares of The Hanover Insurance Group in the 1st quarter valued at approximately $867,000. Foundations Investment Advisors LLC bought a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at approximately $681,000. Finally, Intech Investment Management LLC bought a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at approximately $431,000. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Price Performance

THG traded up $0.74 during trading on Friday, hitting $165.01. The company's stock had a trading volume of 124,510 shares, compared to its average volume of 175,526. The firm's 50 day moving average price is $153.76 and its two-hundred day moving average price is $140.48. 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 12 month low of $119.36 and a 12 month high of $166.13. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 16.37 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $0.19 EPS. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.06%. The Hanover Insurance Group's payout ratio is 33.73%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the sale, the executive vice president now directly owns 85,983 shares in the company, valued at $12,906,908.13. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 30,551 shares of company stock worth $4,781,935. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on THG shares. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price on the stock. in a report on Thursday, November 21st. JMP Securities raised their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their price objective 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. Finally, Piper Sandler raised their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.83.

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.