Tidal Investments LLC Has $1.07 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Tidal Investments LLC lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 344.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,254 shares of the insurance provider's stock after buying an additional 5,622 shares during the quarter. Tidal Investments LLC's holdings in The Hanover Insurance Group were worth $1,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth about $25,000. True Wealth Design LLC acquired a new position in The Hanover Insurance Group in the 3rd quarter worth $25,000. V Square Quantitative Management LLC bought a new position in The Hanover Insurance Group during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group during the third quarter worth about $30,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in The Hanover Insurance Group in the 2nd quarter valued at approximately $42,000. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $150.41, for a total transaction of $721,968.00. Following the sale, the executive vice president now directly owns 80,790 shares of the company's stock, valued at $12,151,623.90. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 29,051 shares of company stock valued at $4,556,803. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

THG has been the topic of a number of recent research reports. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their target price on 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. JMP Securities raised 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. Bank of America raised their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Piper Sandler boosted their price objective on shares of 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.13.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $0.44 during midday trading on Friday, hitting $153.93. The company's stock had a trading volume of 507,865 shares, compared to its average volume of 176,980. The company has a 50-day moving average price of $156.58 and a two-hundred day moving average price of $142.81. The Hanover Insurance Group, Inc. has a 1-year low of $119.36 and a 1-year high of $166.13. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 15.27 and a beta of 0.71. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $0.19 EPS. The Hanover Insurance Group's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 11.41 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, December 13th. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a yield of 2.34%. The Hanover Insurance Group's dividend payout ratio is presently 35.71%.

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.