Intech Investment Management LLC Purchases New Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Intech Investment Management LLC purchased a new stake 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 3,438 shares of the insurance provider's stock, valued at approximately $431,000.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group in the first quarter worth $31,000. Quarry LP acquired a new position in shares of The Hanover Insurance Group in the fourth quarter worth $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of The Hanover Insurance Group in the second quarter worth $42,000. GHP Investment Advisors Inc. increased its stake in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock worth $54,000 after acquiring an additional 168 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in The Hanover Insurance Group during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 86.61% of the company's stock.

Analysts Set New Price Targets

THG has been the topic of several analyst reports. Piper Sandler increased their target price on shares of 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. JMP Securities increased 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 research report on Thursday, August 1st. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 13th. Finally, Bank of America lowered their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.80.

The Hanover Insurance Group Trading Down 0.1 %

Shares of NYSE:THG opened at $146.96 on Friday. The company has a market cap of $5.28 billion, a P/E ratio of 32.95 and a beta of 0.70. The stock's 50-day moving average is $140.00 and its 200-day moving average is $133.22. The Hanover Insurance Group, Inc. has a 52-week low of $108.03 and a 52-week high of $150.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted ($1.91) earnings per share. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group's payout ratio is presently 76.23%.

Insider Activity at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 1,200 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the sale, the executive vice president now owns 85,983 shares in the company, valued at $12,906,908.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now owns 89,733 shares in the company, valued at $13,459,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey M. Farber sold 1,200 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total transaction of $180,132.00. Following the completion of the sale, the executive vice president now owns 85,983 shares of the company's stock, valued at approximately $12,906,908.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,352 shares of company stock worth $1,766,623. Company insiders own 2.40% 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.