Assetmark Inc. Has $44,000 Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Assetmark Inc. lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) by 40.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 343 shares of the insurance provider’s stock after acquiring an additional 99 shares during the quarter. Assetmark Inc.’s holdings in The Hanover Insurance Group were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of THG. Victory Capital Management Inc. boosted its holdings in The Hanover Insurance Group by 378.3% in the second quarter. Victory Capital Management Inc. now owns 728,943 shares of the insurance provider’s stock worth $106,608,000 after purchasing an additional 576,556 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in The Hanover Insurance Group by 60.2% in the second quarter. Goldman Sachs Group Inc. now owns 235,936 shares of the insurance provider’s stock worth $34,506,000 after purchasing an additional 88,650 shares in the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new stake in The Hanover Insurance Group in the second quarter worth $11,701,000. Principal Financial Group Inc. boosted its holdings in The Hanover Insurance Group by 12.5% in the second quarter. Principal Financial Group Inc. now owns 542,573 shares of the insurance provider’s stock worth $79,351,000 after purchasing an additional 60,337 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in The Hanover Insurance Group by 7.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 819,611 shares of the insurance provider’s stock worth $105,024,000 after purchasing an additional 58,625 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In related news, EVP Mark Joseph Welzenbach sold 2,673 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $142.21, for a total value of $380,127.33. Following the completion of the sale, the executive vice president now owns 19,846 shares in the company, valued at $2,822,299.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Up 0.9 %

NYSE THG opened at $129.53 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a 50-day simple moving average of $138.66 and a 200 day simple moving average of $136.84. The Hanover Insurance Group, Inc. has a twelve month low of $123.36 and a twelve month high of $155.55. The stock has a market cap of $4.61 billion, a PE ratio of 16.05, a PEG ratio of 0.81 and a beta of 0.72.

The Hanover Insurance Group (NYSE:THGGet Rating) last released its earnings results on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The Hanover Insurance Group had a net margin of 5.42% and a return on equity of 13.26%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 8.63 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, December 14th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.75. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 40.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on THG shares. BMO Capital Markets started coverage on shares of The Hanover Insurance Group in a report on Thursday. They issued a “market perform” rating and a $141.00 price objective for the company. Janney Montgomery Scott initiated coverage on shares of The Hanover Insurance Group in a report on Friday, November 11th. They set a “buy” rating and a $164.00 price target for the company. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $144.00 to $151.00 in a report on Tuesday, January 10th. StockNews.com cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Finally, Morgan Stanley upped their price target on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, November 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $151.50.

About The Hanover Insurance Group

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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.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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