GSA Capital Partners LLP Purchases 4,595 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

GSA Capital Partners LLP raised its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 85.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,986 shares of the insurance provider's stock after acquiring an additional 4,595 shares during the period. GSA Capital Partners LLP's holdings in The Hanover Insurance Group were worth $1,479,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $42,000. GHP Investment Advisors Inc. increased its position in shares of 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 worth $54,000 after purchasing an additional 168 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter worth approximately $60,000. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Performance

NYSE THG traded down $1.27 on Thursday, reaching $161.29. The stock had a trading volume of 28,355 shares, compared to its average volume of 174,480. 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 has a fifty day moving average of $149.82 and a two-hundred day moving average of $138.01. The Hanover Insurance Group, Inc. has a 1-year low of $115.69 and a 1-year high of $164.67. The company has a market cap of $5.81 billion, a P/E ratio of 16.13 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its 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 firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.11%. The Hanover Insurance Group's payout ratio is 33.73%.

Analysts Set New Price Targets

A number of research firms recently weighed in on THG. JMP Securities boosted their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Bank of America boosted their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $173.40.

Insider Activity

In other news, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey M. Farber sold 12,000 shares of the company's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the sale, the executive vice president now owns 66,091 shares of the company's stock, valued at approximately $10,249,392.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,303 shares of company stock worth $6,306,926. 2.40% of the stock is currently owned by company insiders.

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.