Quest Partners LLC Has $3.26 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Quest Partners LLC raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 707.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,036 shares of the insurance provider’s stock after buying an additional 19,307 shares during the period. Quest Partners LLC owned about 0.06% of The Hanover Insurance Group worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AMG National Trust Bank increased its stake in shares of The Hanover Insurance Group by 99.5% in the third quarter. AMG National Trust Bank now owns 10,705 shares of the insurance provider’s stock valued at $1,586,000 after buying an additional 5,339 shares in the last quarter. Claro Advisors LLC grew its holdings in The Hanover Insurance Group by 6.9% during the 3rd quarter. Claro Advisors LLC now owns 5,127 shares of the insurance provider’s stock worth $759,000 after acquiring an additional 333 shares during the last quarter. Natixis Advisors LLC increased its position in The Hanover Insurance Group by 13.4% in the 3rd quarter. Natixis Advisors LLC now owns 11,925 shares of the insurance provider’s stock valued at $1,766,000 after acquiring an additional 1,408 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of The Hanover Insurance Group by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 51,384 shares of the insurance provider’s stock worth $7,610,000 after acquiring an additional 6,799 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of The Hanover Insurance Group by 85.2% in the third quarter. GSA Capital Partners LLP now owns 9,986 shares of the insurance provider’s stock worth $1,479,000 after acquiring an additional 4,595 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

THG stock opened at $163.48 on Monday. The Hanover Insurance Group, Inc. has a twelve month low of $116.70 and a twelve month high of $164.67. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.89 billion, a P/E ratio of 16.22 and a beta of 0.70. The business’s fifty day moving average is $150.50 and its 200-day moving average is $138.52.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 33.73%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares of the company’s stock, valued at $416,547.25. This trade represents a 14.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,303 shares of company stock valued at $6,306,926. Corporate insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

THG has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. JMP Securities increased their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler raised their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Bank of America boosted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.40.

About The Hanover Insurance Group

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.