The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 369,766 shares of the insurance provider's stock after selling 12,994 shares during the period. Principal Financial Group Inc. owned approximately 1.03% of The Hanover Insurance Group worth $54,766,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in THG. Point72 Hong Kong Ltd purchased a new position in shares of The Hanover Insurance Group in the second quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in The Hanover Insurance Group during the 3rd quarter valued at approximately $26,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at approximately $42,000. GHP Investment Advisors Inc. lifted its position in shares of The Hanover Insurance Group by 64.9% during the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock worth $54,000 after purchasing an additional 168 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in The Hanover Insurance Group by 35.4% in the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

NYSE:THG traded up $2.98 during trading hours on Monday, hitting $162.60. 263,276 shares of the company's stock traded hands, compared to its average volume of 182,323. The firm has a market cap of $5.86 billion, a P/E ratio of 16.13 and a beta of 0.70. The business's fifty day simple moving average is $149.18 and its two-hundred day simple moving average is $137.59. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a 52 week low of $113.32 and a 52 week high of $164.01.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.19 EPS. The business's revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.09%. The Hanover Insurance Group's dividend payout ratio (DPR) is 33.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on THG shares. Piper Sandler upped their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday. Bank of America lifted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Oppenheimer raised their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, JMP Securities upped their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of the firm's 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 of the company's stock, valued at $13,459,950. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 89,733 shares in the company, valued at approximately $13,459,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the transaction, the executive vice president now owns 66,091 shares of the company's stock, valued at $10,249,392.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 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.