Janney Montgomery Scott LLC Buys 251 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Janney Montgomery Scott LLC raised its stake in The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,677 shares of the insurance provider’s stock after purchasing an additional 251 shares during the period. Janney Montgomery Scott LLC’s holdings in The Hanover Insurance Group were worth $343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THG. Victory Capital Management Inc. increased its stake 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 valued at $106,608,000 after purchasing an additional 576,556 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of The Hanover Insurance Group by 60.2% during the second quarter. Goldman Sachs Group Inc. now owns 235,936 shares of the insurance provider’s stock valued at $34,506,000 after buying an additional 88,650 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new position in shares of The Hanover Insurance Group during the second quarter valued at about $11,701,000. Principal Financial Group Inc. grew its holdings in shares of The Hanover Insurance Group by 12.5% during the second quarter. Principal Financial Group Inc. now owns 542,573 shares of the insurance provider’s stock valued at $79,351,000 after buying an additional 60,337 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of The Hanover Insurance Group by 108.9% during the second quarter. Sei Investments Co. now owns 111,953 shares of the insurance provider’s stock valued at $16,368,000 after buying an additional 58,365 shares during the last quarter. 86.39% of the stock is owned by institutional investors.

The Hanover Insurance Group Stock Up 1.1 %

THG opened at $131.82 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 0.98 and a beta of 0.72. The Hanover Insurance Group, Inc. has a twelve month low of $123.36 and a twelve month high of $155.55. The company’s 50-day moving average price is $138.32 and its two-hundred day moving average price is $136.60.

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 analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The Hanover Insurance Group had a net margin of 5.42% and a return on equity of 13.26%. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 8.63 earnings per share 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 given a $0.81 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $3.24 annualized dividend and a dividend yield of 2.46%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.75. The Hanover Insurance Group’s payout ratio is 40.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on THG. BMO Capital Markets began coverage on shares of The Hanover Insurance Group in a report on Thursday, January 19th. They set a “market perform” rating and a $141.00 price objective for the company. StockNews.com cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. 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 on the stock. Piper Sandler boosted their price target on shares of The Hanover Insurance Group from $144.00 to $151.00 in a report on Tuesday, January 10th. Finally, Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $151.50.

Insider Activity

In other news, EVP Mark Joseph Welzenbach sold 2,673 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $142.21, for a total value of $380,127.33. Following the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Company 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.

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

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