Quest Partners LLC Has $3.26 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Quest Partners LLC grew its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 707.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,036 shares of the insurance provider's stock after acquiring an additional 19,307 shares during the period. Quest Partners LLC owned 0.06% of The Hanover Insurance Group worth $3,264,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new position in The Hanover Insurance Group in the 2nd quarter worth about $25,000. V Square Quantitative Management LLC acquired a new position in The Hanover Insurance Group in the third quarter worth approximately $26,000. 1620 Investment Advisors Inc. bought a new position in The Hanover Insurance Group during the second quarter valued at approximately $42,000. GHP Investment Advisors Inc. raised its position in 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 valued at $54,000 after acquiring an additional 168 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in The Hanover Insurance Group in the third quarter valued at approximately $60,000. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Richard W. Lavey sold 8,468 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total transaction 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. This trade represents a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the transaction, the executive vice president now directly owns 54,091 shares of the company's stock, valued at approximately $8,782,214.76. This trade represents a 10.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,303 shares of company stock valued at $6,306,926. Company insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

THG has been the topic of several analyst reports. Oppenheimer increased their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. JMP Securities upped their target price on shares of 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. 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 report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $173.40.

The Hanover Insurance Group Price Performance

NYSE THG traded up $0.91 on Monday, reaching $164.39. The company's stock had a trading volume of 144,114 shares, compared to its average volume of 174,797. The Hanover Insurance Group, Inc. has a 52 week low of $117.56 and a 52 week high of $165.27. The firm has a market cap of $5.92 billion, a PE ratio of 16.31 and a beta of 0.70. The business has a 50-day moving average price of $150.50 and a 200 day moving average price of $138.52. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27.

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

The Hanover Insurance Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.07%. The Hanover Insurance Group's dividend payout ratio is 33.73%.

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.