Barclays PLC Sells 601 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Barclays PLC lessened its position in shares of The Hanover Insurance Group, Inc. (NYSE:THGFree Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,393 shares of the insurance provider’s stock after selling 601 shares during the period. Barclays PLC owned approximately 0.12% of The Hanover Insurance Group worth $4,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in The Hanover Insurance Group in the 4th quarter valued at approximately $51,392,000. Mesirow Institutional Investment Management Inc. acquired a new position in shares of The Hanover Insurance Group during the third quarter worth $16,231,000. Franklin Resources Inc. grew its stake in shares of The Hanover Insurance Group by 7.6% in the second quarter. Franklin Resources Inc. now owns 1,428,403 shares of the insurance provider’s stock worth $161,452,000 after purchasing an additional 100,515 shares during the last quarter. Point72 Asset Management L.P. raised its position in The Hanover Insurance Group by 56,753.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 93,808 shares of the insurance provider’s stock worth $10,603,000 after purchasing an additional 93,643 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in The Hanover Insurance Group by 60.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 235,936 shares of the insurance provider’s stock worth $34,506,000 after buying an additional 88,650 shares during the period. 84.89% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the sale, the senior vice president now owns 3,612 shares in the company, valued at $473,677.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Trading Up 0.7 %

NYSE:THG opened at $131.89 on Friday. The firm has a fifty day simple moving average of $125.96 and a two-hundred day simple moving average of $117.52. The Hanover Insurance Group, Inc. has a 12 month low of $103.82 and a 12 month high of $144.76. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 140.31 and a beta of 0.68. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32.

The Hanover Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.85 per share. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.81. This represents a $3.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, December 14th. The Hanover Insurance Group’s dividend payout ratio is 361.71%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on THG shares. Oppenheimer increased their price target on The Hanover Insurance Group from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler increased their price objective on shares of The Hanover Insurance Group from $138.00 to $143.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $124.00 to $137.00 and gave the company a “market perform” rating in a report on Tuesday. JMP Securities cut their price target on shares of The Hanover Insurance Group from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Friday, October 13th. Finally, StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $139.33.

View Our Latest Analysis on The Hanover Insurance Group

The Hanover Insurance Group Profile

(Free Report)

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.

See Also

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

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