The Hanover Insurance Group, Inc. $THG Stock Sold by Leeward Investments LLC MA

Key Points

• Leeward Investments reduced its Hanover Insurance Group position by 5.7% in the third quarter, selling 5,141 shares and retaining 84,993 shares valued at approximately $18.2 million. Institutional investors collectively own 86.61% of the company.
• The Hanover reported strong quarterly results, with EPS of $5.31 versus the $3.84 consensus estimate and revenue of $1.73 billion, up 4.6% year over year. The company also pays a $0.95 quarterly dividend, representing a 1.6% yield.
• THG shares opened at $237.99, near their 52-week high of $239.91. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $231.43, while insiders sold 9,655 shares worth about $2.15 million over the past three months.

Leeward Investments LLC MA trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,993 shares of the insurance provider's stock after selling 5,141 shares during the quarter. Leeward Investments LLC MA owned approximately 0.24% of The Hanover Insurance Group worth $18,199,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in The Hanover Insurance Group during the third quarter worth $29,000. Clearstead Trust LLC purchased a new position in The Hanover Insurance Group in the second quarter valued at $36,000. Root Financial Partners LLC increased its holdings in The Hanover Insurance Group by 69.3% in the first quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider's stock valued at $41,000 after buying an additional 97 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of The Hanover Insurance Group by 106.4% in the third quarter. Elevation Wealth Partners LLC now owns 194 shares of the insurance provider's stock worth $42,000 after acquiring an additional 100 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of The Hanover Insurance Group in the second quarter worth about $51,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In other news, Director Jane D. Carlin sold 1,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $231.50, for a total transaction of $231,500.00. Following the completion of the sale, the director owned 2,270 shares of the company's stock, valued at $525,505. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dennis Kerrigan sold 2,104 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $222.41, for a total transaction of $467,950.64. Following the transaction, the executive vice president owned 12,003 shares of the company's stock, valued at approximately $2,669,587.23. This trade represents a 14.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,655 shares of company stock valued at $2,145,846 in the last three months. Corporate insiders own 2.80% of the company's stock.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $237.99 on Monday. The company's fifty day moving average price is $225.03 and its 200 day moving average price is $209.67. The Hanover Insurance Group, Inc. has a 1 year low of $166.54 and a 1 year high of $239.91. The stock has a market capitalization of $8.29 billion, a P/E ratio of 11.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, topping the consensus estimate of $3.84 by $1.47. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.35 EPS. As a group, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 20.25 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.95 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.80 annualized dividend and a dividend yield of 1.6%. The Hanover Insurance Group's dividend payout ratio (DPR) is 18.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on THG. Morgan Stanley lowered their target price on shares of The Hanover Insurance Group from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 6th. Citigroup restated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Friday, July 10th. Citizens Jmp upped their price target on The Hanover Insurance Group from $225.00 to $240.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 29th. Piper Sandler cut The Hanover Insurance Group from an "overweight" rating to a "neutral" rating and set a $220.00 price target for the company. in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price target on The Hanover Insurance Group from $215.00 to $235.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $231.43.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its principal operating subsidiary is The Hanover Insurance Company, which traces its roots to 1852 and is headquartered in Worcester, Massachusetts.

The company offers personal insurance products such as automobile, homeowners, condominium, renters and umbrella coverage. Its commercial insurance business serves small and midsize businesses with products that include commercial property, general liability, commercial automobile, workers' compensation and other specialized coverages.

The Hanover also provides specialty insurance solutions for select industries and risks, including professional liability, management liability, marine and other niche commercial exposures.

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