NFJ Investment Group LLC Sells 8,786 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

NFJ Investment Group LLC lessened its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 14.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,734 shares of the insurance provider's stock after selling 8,786 shares during the period. NFJ Investment Group LLC owned approximately 0.14% of The Hanover Insurance Group worth $7,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of The Hanover Insurance Group in the 2nd quarter worth $25,000. True Wealth Design LLC bought a new position in shares of The Hanover Insurance Group in the 3rd quarter worth $25,000. V Square Quantitative Management LLC bought a new position in shares of The Hanover Insurance Group in the 3rd quarter worth $26,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group in the 2nd quarter worth $42,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of The Hanover Insurance Group by 64.9% in the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock worth $54,000 after buying an additional 168 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Analysts Set New Price Targets

THG has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their target price 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. Bank of America increased their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. JMP Securities increased their target price 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. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Janney Montgomery Scott lowered shares of 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.83.

The Hanover Insurance Group Trading Up 0.0 %

THG traded up $0.08 during trading on Wednesday, hitting $163.36. 57,947 shares of the stock traded hands, compared to its average volume of 174,881. The firm has a 50-day moving average of $154.33 and a 200 day moving average of $140.92. The Hanover Insurance Group, Inc. has a 12-month low of $119.36 and a 12-month high of $166.13. 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 market capitalization of $5.89 billion, a P/E ratio of 16.14 and a beta of 0.71.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted 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 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 analysts' expectations of $1.67 billion. During the same period last year, the company posted $0.19 EPS. The company's quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.90 per share. This is a boost 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 2.20%. The ex-dividend date of this dividend is Friday, December 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 33.73%.

Insider Activity at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction 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 $13,459,950. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 30,551 shares of company stock valued at $4,781,935 in the last three months. Company insiders own 2.50% of the company's stock.

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.