Boston Trust Walden Corp Sells 9,073 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Trust Walden Corp lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 356,693 shares of the insurance provider’s stock after selling 9,073 shares during the period. Boston Trust Walden Corp owned 0.99% of The Hanover Insurance Group worth $52,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in The Hanover Insurance Group during the 2nd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in shares of The Hanover Insurance Group during the third quarter worth $26,000. 1620 Investment Advisors Inc. bought a new stake in shares of The Hanover Insurance Group in the second quarter valued at about $42,000. GHP Investment Advisors Inc. grew its stake in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 168 shares in the last quarter. Finally, UMB Bank n.a. increased its position 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 worth $62,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of THG stock traded down $3.07 during trading hours on Friday, reaching $147.82. The company’s stock had a trading volume of 106,061 shares, compared to its average volume of 173,183. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a fifty-two week low of $112.22 and a fifty-two week high of $155.84. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 33.12 and a beta of 0.69. The firm’s 50 day simple moving average is $146.22 and its 200-day simple moving average is $135.77.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.91) earnings per share. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.30%. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 12,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 66,091 shares of the company’s stock, valued at $10,249,392.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Richard W. Lavey sold 8,468 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the sale, the executive vice president now owns 36,281 shares of the company’s stock, valued at approximately $5,224,826.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 66,091 shares in the company, valued at approximately $10,249,392.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,303 shares of company stock valued at $4,372,203. 2.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on THG shares. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a research report on Tuesday, October 15th. Bank of America increased their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Piper Sandler raised their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.20.

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.