The Hanover Insurance Group, Inc. (NYSE:THG) Stake Reduced by Boston Trust Walden Corp

Boston Trust Walden Corp cut its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,693 shares of the insurance provider's stock after selling 9,073 shares during the quarter. Boston Trust Walden Corp owned approximately 0.99% of The Hanover Insurance Group worth $52,830,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in The Hanover Insurance Group by 5.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider's stock valued at $168,247,000 after acquiring an additional 70,161 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of The Hanover Insurance Group by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider's stock valued at $147,667,000 after purchasing an additional 4,717 shares during the period. American Century Companies Inc. increased its stake in The Hanover Insurance Group by 4.3% in 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. Dimensional Fund Advisors LP lifted its position in The Hanover Insurance Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider's stock worth $100,111,000 after buying an additional 30,536 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in The Hanover Insurance Group by 14,711.0% in the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock worth $81,823,000 after buying an additional 548,720 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Analysts Set New Price Targets

THG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on 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 boosted their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. JMP Securities restated a "market outperform" rating and issued a $160.00 price objective on shares of The Hanover Insurance Group in a report on Tuesday, October 15th. Finally, Piper Sandler boosted their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.20.

The Hanover Insurance Group Stock Down 2.0 %

Shares of NYSE:THG traded down $3.07 during mid-day trading on Friday, hitting $147.82. 106,061 shares of the company traded hands, compared to its average volume of 173,183. The firm has a market cap of $5.31 billion, a P/E ratio of 33.14 and a beta of 0.69. The Hanover Insurance Group, Inc. has a 52-week low of $112.22 and a 52-week high of $155.84. The firm's 50 day simple moving average is $146.22 and its 200 day simple moving average is $135.81. 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 posted its 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 net margin of 4.44% and a return on equity of 12.42%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.91) earnings per share. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group's payout ratio is 76.23%.

Insider Buying and Selling

In other news, EVP Jeffrey M. Farber sold 12,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the completion of the transaction, the executive vice president now directly owns 66,091 shares in the company, valued at approximately $10,249,392.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Hanover Insurance Group news, 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 transaction of $252,889.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares of the company's stock, valued at approximately $10,249,392.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,303 shares of company stock worth $4,372,203. 2.40% of the stock is currently owned by corporate insiders.

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.