The Hanover Insurance Group, Inc. (NYSE:THG) Position Reduced by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,940 shares of the insurance provider's stock after selling 3,186 shares during the period. Hantz Financial Services Inc. owned about 0.06% of The Hanover Insurance Group worth $2,953,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $26,000. Point72 Hong Kong Ltd bought a new stake in The Hanover Insurance Group during the second quarter valued at $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth $42,000. Capital Performance Advisors LLP acquired a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at about $60,000. Finally, UMB Bank n.a. grew its position in shares of The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock valued at $62,000 after buying an additional 109 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

THG has been the subject of a number of research reports. JMP Securities lifted their target price on 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. Bank of America raised their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Piper Sandler upped 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 research report on Friday, November 1st. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Oppenheimer upped their target price 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. Three 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 stock has an average rating of "Moderate Buy" and an average price target of $173.83.

The Hanover Insurance Group Price Performance

Shares of THG stock traded up $0.74 during midday trading on Friday, reaching $165.01. 124,510 shares of the company were exchanged, compared to its average volume of 183,121. The company's 50 day moving average price is $153.76 and its two-hundred day moving average price is $140.51. 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 company has a market cap of $5.95 billion, a P/E ratio of 16.37 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 12 month low of $119.36 and a 12 month high of $166.13.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group's payout ratio is currently 33.73%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the transaction, the executive vice president now owns 85,983 shares in the company, valued at approximately $12,906,908.13. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 30,551 shares of company stock worth $4,781,935. 2.40% of the stock is owned by corporate 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.