The Hanover Insurance Group, Inc. (NYSE:THG) Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 51.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,190 shares of the insurance provider's stock after selling 9,558 shares during the quarter. Assenagon Asset Management S.A.'s holdings in The Hanover Insurance Group were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of The Hanover Insurance Group by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider's stock valued at $92,374,000 after buying an additional 14,609 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of The Hanover Insurance Group by 75.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider's stock valued at $117,217,000 after purchasing an additional 414,993 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of The Hanover Insurance Group by 149.4% in the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider's stock valued at $50,725,000 after purchasing an additional 250,254 shares during the last quarter. Norges Bank purchased a new position in shares of The Hanover Insurance Group during the 4th quarter worth $48,900,000. Finally, Buckhead Capital Management LLC increased its position in shares of The Hanover Insurance Group by 48.5% during the 4th quarter. Buckhead Capital Management LLC now owns 15,440 shares of the insurance provider's stock worth $1,875,000 after purchasing an additional 5,045 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

Insider Buying and Selling

In related news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Up 1.3 %

THG stock traded up $1.73 during midday trading on Friday, hitting $137.30. The company's stock had a trading volume of 118,748 shares, compared to its average volume of 170,822. The firm has a 50-day simple moving average of $129.91 and a 200-day simple moving average of $130.90. The firm has a market capitalization of $4.93 billion, a P/E ratio of 30.78 and a beta of 0.68. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 52-week low of $103.82 and a 52-week high of $139.25.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted ($1.91) earnings per share. The Hanover Insurance Group's revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 10.53 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 76.23%.

Analyst Upgrades and Downgrades

THG has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a "market perform" rating in a report on Tuesday, August 13th. Bank of America dropped their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. JMP Securities upped their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 1st. Finally, Piper Sandler raised their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.50.

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.