Goelzer Investment Management Inc. Trims Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Goelzer Investment Management Inc. trimmed its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 24,430 shares of the insurance provider’s stock after selling 655 shares during the period. Goelzer Investment Management Inc.’s holdings in The Hanover Insurance Group were worth $3,778,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of The Hanover Insurance Group in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in The Hanover Insurance Group during the third quarter valued at approximately $26,000. Point72 Hong Kong Ltd bought a new position in The Hanover Insurance Group in the second quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter worth $30,000. Finally, Eagle Bay Advisors LLC grew its position in shares of The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares during the period. 86.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Jeffrey M. Farber sold 5,886 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $160.05, for a total value of $942,054.30. Following the completion of the sale, the executive vice president now directly owns 60,205 shares in the company, valued at $9,635,810.25. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 12,100 shares of company stock valued at $1,951,223 over the last ninety days. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

THG has been the topic of a number of recent research reports. Piper Sandler raised their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a “market perform” rating in a research note on Friday, January 10th. Bank of America raised their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.88.

The Hanover Insurance Group Stock Down 0.0 %

Shares of THG opened at $153.43 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 15.22 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $166.13. The business’s 50 day simple moving average is $156.92 and its 200-day simple moving average is $148.07.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The Hanover Insurance Group’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.90 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.35%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 35.71%.

The Hanover Insurance Group Profile

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.