The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 29.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,931 shares of the insurance provider's stock after selling 108,243 shares during the quarter. Janus Henderson Group PLC owned 0.70% of The Hanover Insurance Group worth $37,611,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in The Hanover Insurance Group by 10.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock valued at $219,883,000 after buying an additional 143,339 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of The Hanover Insurance Group by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider's stock valued at $147,667,000 after purchasing an additional 4,717 shares in the last quarter. American Century Companies Inc. increased its stake in shares of The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider's stock valued at $100,607,000 after purchasing an additional 33,249 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in The Hanover Insurance Group by 4.0% in the 2nd 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 period. Finally, International Assets Investment Management LLC boosted its position 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 in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

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 value of $992,669.04. Following the transaction, the executive vice president now owns 54,091 shares of the company's stock, valued at $8,782,214.76. This represents a 10.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 30,551 shares of company stock worth $4,781,935 in the last ninety days. 2.40% of the stock is owned by insiders.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded down $3.34 on Friday, hitting $160.92. 204,823 shares of the company were exchanged, compared to its average volume of 172,684. The Hanover Insurance Group, Inc. has a 1-year low of $119.36 and a 1-year high of $166.13. 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 stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.96 and a beta of 0.71. The company has a 50-day moving average price of $155.29 and a 200 day moving average price of $141.45.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results 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 company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business earned $0.19 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, December 13th. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.24%. The Hanover Insurance Group's payout ratio is 33.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on THG. Oppenheimer upped their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research note 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 research note on Thursday, October 31st. Finally, Morgan Stanley initiated coverage on The Hanover Insurance Group in a research note on Thursday. They set an "equal weight" rating and a $170.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $173.29.

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.