The Hanover Insurance Group, Inc. $THG Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 84,993 shares of the insurance provider’s stock after selling 5,141 shares during the period. Leeward Investments LLC MA’s holdings in The Hanover Insurance Group were worth $18,199,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in The Hanover Insurance Group by 7.1% in the 3rd quarter. Signaturefd LLC now owns 2,103 shares of the insurance provider’s stock valued at $450,000 after purchasing an additional 140 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of The Hanover Insurance Group by 82.4% during the third quarter. Citizens Financial Group Inc. RI now owns 3,846 shares of the insurance provider’s stock worth $824,000 after buying an additional 1,737 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 4.0% during the third quarter. Tectonic Advisors LLC now owns 7,895 shares of the insurance provider’s stock worth $1,690,000 after buying an additional 305 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of The Hanover Insurance Group by 5.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 1,755 shares of the insurance provider’s stock valued at $376,000 after buying an additional 93 shares during the last quarter. Finally, MBL Wealth LLC acquired a new stake in shares of The Hanover Insurance Group in the third quarter valued at about $617,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $237.99 on Monday. The business’s 50 day moving average price is $225.03 and its 200 day moving average price is $209.67. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 11.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. The Hanover Insurance Group, Inc. has a one year low of $166.54 and a one year high of $239.91.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.47. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $4.35 EPS. On average, research analysts predict that The Hanover Insurance Group, Inc. will post 20.25 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. The Hanover Insurance Group’s payout ratio is currently 18.14%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Jane Carlin sold 1,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the completion of the sale, the director owned 2,270 shares of the company’s stock, valued at approximately $525,505. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dennis Kerrigan sold 6,551 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the completion of the sale, the executive vice president directly owned 12,003 shares of the company’s stock, valued at $2,650,142.37. This represents a 35.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,655 shares of company stock worth $2,145,846. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of The Hanover Insurance Group from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $222.00 to $232.00 and gave the company a “market perform” rating in a research note on Friday, September 18th. Zacks Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Oppenheimer reiterated an “outperform” rating and issued a $260.00 price objective on shares of The Hanover Insurance Group in a report on Tuesday, October 13th. Finally, Weiss Ratings raised shares of The Hanover Insurance Group from a “buy (a)” rating to a “buy (a+)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $231.43.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its principal operating subsidiary is The Hanover Insurance Company, which traces its roots to 1852 and is headquartered in Worcester, Massachusetts.

The company offers personal insurance products such as automobile, homeowners, condominium, renters and umbrella coverage. Its commercial insurance business serves small and midsize businesses with products that include commercial property, general liability, commercial automobile, workers’ compensation and other specialized coverages.

The Hanover also provides specialty insurance solutions for select industries and risks, including professional liability, management liability, marine and other niche commercial exposures.