The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,010 shares of the insurance provider’s stock after purchasing an additional 91 shares during the period. Van ECK Associates Corp’s holdings in The Hanover Insurance Group were worth $129,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its position in shares of The Hanover Insurance Group by 55.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 72 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of The Hanover Insurance Group by 2.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 4,273 shares of the insurance provider’s stock valued at $625,000 after acquiring an additional 96 shares in the last quarter. Securian Asset Management Inc. raised its position in shares of The Hanover Insurance Group by 3.1% during the 2nd quarter. Securian Asset Management Inc. now owns 3,299 shares of the insurance provider’s stock valued at $482,000 after acquiring an additional 100 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of The Hanover Insurance Group by 5.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,426 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 124 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of The Hanover Insurance Group by 7.9% during the 1st quarter. Baird Financial Group Inc. now owns 1,716 shares of the insurance provider’s stock valued at $256,000 after acquiring an additional 126 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Mark Joseph Welzenbach sold 2,673 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following the completion of the transaction, the executive vice president now owns 19,846 shares of the company’s stock, valued at $2,822,299.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Janney Montgomery Scott assumed coverage on The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 price target on the stock. BMO Capital Markets assumed coverage on The Hanover Insurance Group in a research report on Thursday. They set a “market perform” rating on the stock. Morgan Stanley upped their price target on The Hanover Insurance Group from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 22nd. StockNews.com lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Finally, Piper Sandler increased their target price on The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Hold” and an average price target of $155.00.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $128.41 on Friday. The Hanover Insurance Group, Inc. has a 1-year low of $123.36 and a 1-year high of $155.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.39 and a quick ratio of 0.39. The business’s fifty day moving average price is $138.87 and its two-hundred day moving average price is $137.04. The firm has a market capitalization of $4.57 billion, a PE ratio of 15.91, a P/E/G ratio of 0.85 and a beta of 0.72.

The Hanover Insurance Group (NYSE:THG – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The Hanover Insurance Group had a return on equity of 13.26% and a net margin of 5.42%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 8.76 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.81 dividend. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, December 14th. This represents a $3.24 annualized dividend and a dividend yield of 2.52%. The Hanover Insurance Group’s dividend payout ratio is presently 40.15%.

The Hanover Insurance Group Profile

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.