Hotchkis & Wiley Capital Management LLC Has $12.99 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Hotchkis & Wiley Capital Management LLC increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,725 shares of the insurance provider's stock after buying an additional 18,700 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.24% of The Hanover Insurance Group worth $12,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Hanover Insurance Group by 10.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock worth $219,883,000 after acquiring an additional 143,339 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of The Hanover Insurance Group by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider's stock worth $147,667,000 after buying an additional 4,717 shares in the last quarter. American Century Companies Inc. grew its position in shares of The Hanover Insurance Group by 4.3% during the second quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider's stock worth $100,607,000 after buying an additional 33,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in The Hanover Insurance Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider's stock worth $100,111,000 after purchasing an additional 30,536 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock worth $81,823,000 after purchasing an additional 548,720 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total transaction of $180,132.00. Following the sale, the executive vice president now directly owns 85,983 shares of the company's stock, valued at approximately $12,906,908.13. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 30,551 shares of company stock worth $4,781,935. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on THG shares. Oppenheimer raised their target price 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. Janney Montgomery Scott cut 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 lifted their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods lifted their price objective on shares of 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 lifted their price objective 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.83.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $0.87 on Wednesday, reaching $164.15. 130,215 shares of the stock were exchanged, compared to its average volume of 175,195. The stock has a market cap of $5.91 billion, a PE ratio of 16.28 and a beta of 0.71. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $166.13. The firm has a fifty day moving average price of $154.67 and a two-hundred day moving average price of $141.09.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The business's revenue was up 3.2% on a year-over-year basis. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.90 per share. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date is Friday, December 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.19%. The Hanover Insurance Group's payout ratio is presently 33.73%.

The Hanover Insurance Group Company 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.