Olympiad Research LP Has $384,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Olympiad Research LP lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,591 shares of the insurance provider’s stock after selling 380 shares during the quarter. Olympiad Research LP’s holdings in The Hanover Insurance Group were worth $384,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of The Hanover Insurance Group by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock valued at $2,176,000 after buying an additional 91 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of The Hanover Insurance Group by 14.1% in the 3rd quarter. Congress Asset Management Co. now owns 32,341 shares of the insurance provider’s stock valued at $4,790,000 after buying an additional 3,988 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in The Hanover Insurance Group by 2.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 13,158 shares of the insurance provider’s stock valued at $1,949,000 after purchasing an additional 299 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in The Hanover Insurance Group by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 47,963 shares of the insurance provider’s stock valued at $7,104,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the transaction, the executive vice president now owns 66,091 shares in the company, valued at $10,249,392.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jeffrey M. Farber sold 4,800 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total transaction of $721,968.00. Following the sale, the executive vice president now directly owns 80,790 shares of the company’s stock, valued at approximately $12,151,623.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the sale, the executive vice president now directly owns 66,091 shares in the company, valued at $10,249,392.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,303 shares of company stock worth $4,372,203 over the last 90 days. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on THG shares. JMP Securities raised their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Bank of America raised their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday. Oppenheimer lifted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler lifted 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.40.

The Hanover Insurance Group Stock Down 0.4 %

Shares of NYSE THG opened at $156.35 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 52 week low of $112.22 and a 52 week high of $159.27. The stock has a market capitalization of $5.63 billion, a P/E ratio of 15.51 and a beta of 0.70. The stock’s fifty day moving average is $148.61 and its 200 day moving average is $137.13.

The Hanover Insurance Group (NYSE:THG) last released its 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 return on equity of 15.53% and a net margin of 5.92%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 11.22 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 33.73%.

The Hanover Insurance Group Company 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.