Aptus Capital Advisors LLC Boosts Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Aptus Capital Advisors LLC raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 24.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,585 shares of the insurance provider's stock after purchasing an additional 8,646 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.12% of The Hanover Insurance Group worth $5,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $117,217,000 after buying an additional 414,993 shares in the last quarter. Norges Bank purchased a new stake in shares of The Hanover Insurance Group during the fourth quarter worth $48,900,000. Massachusetts Financial Services Co. MA lifted its position in shares of The Hanover Insurance Group by 27.8% during 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 acquiring an additional 264,483 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of The Hanover Insurance Group by 149.4% in the fourth quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider's stock worth $50,725,000 after acquiring an additional 250,254 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its position in shares of The Hanover Insurance Group by 1,294.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 145,089 shares of the insurance provider's stock valued at $17,617,000 after purchasing an additional 134,685 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $3.01 during trading on Friday, hitting $146.99. 293,798 shares of the stock traded hands, compared to its average volume of 155,063. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 32.96 and a beta of 0.68. The company has a quick ratio of 0.40, a current ratio of 0.40 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 $147.19. The firm's fifty day moving average is $131.77 and its 200-day moving average is $131.19.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.91) earnings per share. Research analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.85 dividend. This represents a $3.40 annualized dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on THG shares. Bank of America cut their target price on The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods raised 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 report on Tuesday, August 13th. JMP Securities upped their target price on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a "market outperform" rating in a report on Thursday, August 1st. Finally, Piper Sandler boosted their price target 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.80.

Insider Buying and Selling at The Hanover Insurance Group

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

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.