Chartwell Investment Partners LLC Has $5.15 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Chartwell Investment Partners LLC cut its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,776 shares of the insurance provider's stock after selling 3,286 shares during the quarter. Chartwell Investment Partners LLC owned 0.10% of The Hanover Insurance Group worth $5,151,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in The Hanover Insurance Group in the second quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new position in shares of The Hanover Insurance Group during the second quarter worth approximately $42,000. GHP Investment Advisors Inc. raised its holdings 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 valued at $54,000 after buying an additional 168 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of The Hanover Insurance Group during the third quarter valued at about $60,000. Institutional investors own 86.61% of the company's stock.

Analyst Ratings Changes

THG has been the topic of several research analyst reports. Piper Sandler boosted 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 lifted their target price 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. JMP Securities raised their price target on shares of 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. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Finally, Bank of America boosted 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and an average price target of $173.40.

The Hanover Insurance Group Price Performance

NYSE:THG traded up $1.49 during trading hours on Tuesday, reaching $164.04. 200,753 shares of the company traded hands, compared to its average volume of 175,165. The stock has a market cap of $5.91 billion, a P/E ratio of 16.13 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 1-year low of $113.32 and a 1-year high of $164.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The firm's 50-day moving average is $149.18 and its 200-day moving average is $137.59.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $0.19 earnings per share. The Hanover Insurance Group's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 11.29 earnings per share 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. Investors of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.07%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 33.73%.

Insider Transactions at The Hanover Insurance Group

In related news, Director Kathy S. Lane sold 1,884 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the transaction, the executive vice president now directly owns 89,733 shares of the company's stock, valued at approximately $13,459,950. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction on Wednesday, August 21st. The shares were 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. Over the last three months, insiders sold 41,303 shares of company stock worth $6,306,926. Company insiders own 2.40% of the company's stock.

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.