Claro Advisors LLC Raises Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Claro Advisors LLC lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,127 shares of the insurance provider’s stock after acquiring an additional 333 shares during the quarter. Claro Advisors LLC’s holdings in The Hanover Insurance Group were worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Lecap Asset Management Ltd. increased its position in shares of The Hanover Insurance Group by 2.0% during the third quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after acquiring an additional 84 shares during the period. Lowe Brockenbrough & Co. Inc. increased its holdings in The Hanover Insurance Group by 0.6% during the third 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 period. O Shaughnessy Asset Management LLC increased its holdings in The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock valued at $303,000 after buying an additional 97 shares during the period. Signaturefd LLC increased its holdings in The Hanover Insurance Group by 8.7% during the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after buying an additional 107 shares during the period. Finally, UMB Bank n.a. increased its holdings in The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock valued at $62,000 after buying an additional 109 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey M. Farber sold 6,114 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,303 shares of company stock valued at $6,306,926 over the last quarter. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

THG has been the topic of several research reports. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. JMP Securities lifted their price objective on shares of 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. Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America lifted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $173.40.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $163.48 on Monday. The Hanover Insurance Group, Inc. has a 12 month low of $116.70 and a 12 month high of $164.67. The stock has a 50 day moving average of $150.50 and a two-hundred day moving average of $138.52. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.89 billion, a P/E ratio of 16.22 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.08%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 33.73%.

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.