The Hanover Insurance Group, Inc. (NYSE:THG) Stock Holdings Lifted by Pullen Investment Management LLC

Pullen Investment Management LLC raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 84.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,172 shares of the insurance provider's stock after buying an additional 3,738 shares during the period. Pullen Investment Management LLC's holdings in The Hanover Insurance Group were worth $1,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in shares of The Hanover Insurance Group in the 2nd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at about $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group in the second quarter valued at approximately $42,000. GHP Investment Advisors Inc. increased its stake in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock worth $54,000 after purchasing an additional 168 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock worth $62,000 after purchasing an additional 109 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler increased their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an "overweight" rating in a report 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 note on Tuesday, August 13th. JMP Securities reissued a "market outperform" rating and issued a $160.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday, October 15th. Finally, Bank of America raised their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $160.20.

Insider Buying and Selling

In other news, Director Kathy S. Lane sold 1,884 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Warren E. Barnes sold 500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares in the company, valued at $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 firm's 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,303 shares of company stock worth $4,372,203. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Trading Down 2.0 %

Shares of NYSE THG traded down $3.07 on Friday, reaching $147.82. 106,061 shares of the company traded hands, compared to its average volume of 173,183. The stock has a market capitalization of $5.31 billion, a PE ratio of 33.14 and a beta of 0.69. The Hanover Insurance Group, Inc. has a fifty-two week low of $112.22 and a fifty-two week high of $155.84. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $146.22 and a 200 day moving average of $135.84.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting analysts' consensus estimates of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned ($1.91) EPS. The Hanover Insurance Group's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

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

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.