Holocene Advisors LP Acquires 3,826 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Holocene Advisors LP grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,128 shares of the insurance provider's stock after purchasing an additional 3,826 shares during the period. Holocene Advisors LP owned approximately 0.06% of The Hanover Insurance Group worth $3,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in The Hanover Insurance Group during the 1st quarter valued at $208,000. Park Avenue Securities LLC raised its position in shares of The Hanover Insurance Group by 4.2% during the second quarter. Park Avenue Securities LLC now owns 4,871 shares of the insurance provider's stock worth $611,000 after acquiring an additional 198 shares during the last quarter. CWM LLC increased its position in The Hanover Insurance Group by 7.3% in the second quarter. CWM LLC now owns 9,669 shares of the insurance provider's stock worth $1,213,000 after purchasing an additional 658 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in The Hanover Insurance Group by 20.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,931 shares of the insurance provider's stock valued at $619,000 after purchasing an additional 823 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of The Hanover Insurance Group by 41.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,271 shares of the insurance provider's stock valued at $661,000 after purchasing an additional 1,544 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Down 2.0 %

NYSE:THG traded down $3.34 on Friday, hitting $160.92. 204,823 shares of the company's stock were exchanged, compared to its average volume of 175,119. The firm has a 50-day moving average price of $155.02 and a 200-day moving average price of $141.25. The Hanover Insurance Group, Inc. has a 52 week low of $119.36 and a 52 week high of $166.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $5.80 billion, a P/E ratio of 16.07 and a beta of 0.71.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.40. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The business's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, analysts expect that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The Hanover Insurance Group's dividend payout ratio (DPR) is 35.71%.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total transaction of $180,132.00. Following the completion of the transaction, the executive vice president now directly owns 85,983 shares in the company, valued at approximately $12,906,908.13. The trade was a 1.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 30,551 shares of company stock worth $4,781,935 in the last ninety days. Insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

THG has been the subject of several recent research reports. Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research report on Thursday. They set an "equal weight" rating and a $170.00 target price for the company. 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. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods boosted 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 report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.29.

About The Hanover Insurance Group

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.