Hantz Financial Services Inc. Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Hantz Financial Services Inc. bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 23,126 shares of the insurance provider's stock, valued at approximately $2,901,000. Hantz Financial Services Inc. owned 0.06% of The Hanover Insurance Group as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THG. Vanguard Group Inc. increased its position in shares of The Hanover Insurance Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider's stock worth $439,998,000 after acquiring an additional 13,030 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of The Hanover Insurance Group by 27.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,214,520 shares of the insurance provider's stock worth $147,467,000 after buying an additional 264,483 shares during the period. Victory Capital Management Inc. grew its stake in shares of The Hanover Insurance Group by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider's stock valued at $125,495,000 after buying an additional 75,737 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of The Hanover Insurance Group by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider's stock valued at $137,377,000 after buying an additional 16,040 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in The Hanover Insurance Group by 75.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider's stock worth $117,217,000 after acquiring an additional 414,993 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 2.1 %

Shares of The Hanover Insurance Group stock traded up $3.01 during trading on Friday, reaching $146.99. The company had a trading volume of 293,798 shares, compared to its average volume of 172,087. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 32.96 and a beta of 0.68. The Hanover Insurance Group, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $147.19. The firm's fifty day moving average is $131.77 and its 200-day moving average is $131.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The Hanover Insurance Group's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.91) earnings per share. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 10.53 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total value of $69,125.00. Following the transaction, the senior vice president now directly owns 3,013 shares in the company, valued at approximately $416,547.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the completion of the transaction, the senior vice president now directly owns 3,013 shares of the company's stock, valued at $416,547.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

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

About The Hanover Insurance Group

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.