The Hanover Insurance Group, Inc. (NYSE:THG) Stock Holdings Raised by Bokf Na

Bokf Na lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,351 shares of the insurance provider’s stock after purchasing an additional 231 shares during the period. Bokf Na’s holdings in The Hanover Insurance Group were worth $583,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in The Hanover Insurance Group by 55.6% during the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the last quarter. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group in the 1st quarter valued at about $31,000. Quarry LP bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth $34,000. Baystate Wealth Management LLC increased its holdings in shares of The Hanover Insurance Group by 4,400.0% during the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 352 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in The Hanover Insurance Group in the fourth quarter worth about $65,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In other news, Director Jane D. Carlin sold 1,119 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares in the company, valued at $597,864.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction on Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

THG has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Oppenheimer upped their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

The Hanover Insurance Group Trading Up 0.3 %

NYSE THG traded up $0.47 on Monday, hitting $135.04. 19,868 shares of the stock were exchanged, compared to its average volume of 172,367. The company’s 50-day moving average price is $127.94 and its two-hundred day moving average price is $130.09. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 30.44 and a beta of 0.68. The Hanover Insurance Group, Inc. has a 52-week low of $103.82 and a 52-week high of $138.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.47. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. Research analysts predict that The Hanover Insurance Group, Inc. will post 10.74 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.52%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

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.