4,234 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,234 shares of the insurance provider's stock, valued at approximately $531,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of The Hanover Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider's stock valued at $439,998,000 after acquiring an additional 13,030 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of The Hanover Insurance Group by 1.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider's stock worth $137,377,000 after purchasing an additional 16,040 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in The Hanover Insurance Group by 75.4% in the fourth 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 in the last quarter. American Century Companies Inc. lifted its position in The Hanover Insurance Group by 4.3% during the second 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in The Hanover Insurance Group by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider's stock worth $92,374,000 after buying an additional 14,609 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Trading Up 0.9 %

Shares of THG traded up $1.32 during trading hours on Friday, hitting $146.21. The company had a trading volume of 158,235 shares, compared to its average volume of 173,678. The Hanover Insurance Group, Inc. has a 52-week low of $108.03 and a 52-week high of $149.47. 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 stock's 50 day moving average price is $136.13 and its 200 day moving average price is $132.02. The firm has a market cap of $5.26 billion, a P/E ratio of 32.78 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting analysts' consensus estimates of $1.88. The business 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 business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.91) EPS. On average, research analysts predict that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.85 per share. The ex-dividend date is Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.33%. The Hanover Insurance Group's payout ratio is currently 76.23%.

Insiders Place Their Bets

In related news, Director Kathy S. Lane sold 1,884 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the transaction, the executive vice president now directly owns 36,281 shares in the company, valued at approximately $5,224,826.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The disclosure for this sale can be found here. Insiders have sold a total of 10,852 shares of company stock valued at $1,541,491 in the last quarter. Insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JMP Securities lifted their price objective 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. Piper Sandler lifted their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods increased their price objective on 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. Finally, Bank of America dropped 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 report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.80.

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.