SG Americas Securities LLC trimmed its position in shares of Hanover Insurance Group, Inc. (NYSE:THG – Get the Badge) was 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,946 shares of the insurance company’s stock after selling 1,061 shares during the period. SG Americas Securities LLC’s holdings in Hanover Insurance Group were worth $890,000 at the end of the most recent period.
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Other major investors have also increased or decreased their stake in the company. GPS Wealth Strategies Group LLC grew its holdings in Hanover Insurance Group by 55.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance company’s stock worth $26,000 after buying an additional 72 shares in the last quarter. Assetmark Inc. increased its holdings in Hanover Insurance Group by 139.2% in the second quarter. It is now owned by Assetmark Inc. 244 shares of the insurance company’s stock are worth $36,000 after buying an additional 142 shares in the last quarter. Ronald Blue Trust Inc. received a new stake in Hanover Insurance Group in the second quarter valued at $47,000. Riverview Trust Co. increased its holdings in Hanover Insurance Group by 48.2% during the third quarter. The insurance company owned 338 shares of the insurance company’s stock valued at $43,000 after buying an additional 110 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Hanover Insurance Group by 35.4% in the first quarter. Covestor Ltd now owns 520 shares of the insurance company’s stock valued at $78,000 after buying an additional 136 shares during the last quarter. 86.39% of the stock is held by institutional investors and hedge funds.
Try the New Price Guide
A number of recent equity research studies have weighed in on the stock. Morgan Stanley upped their target price on shares of Hanover Insurance Group from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, November 22nd. Piper Sandler lifted their price target on shares of Hanover Insurance Group from $144.00 to $151.00 in a research note on Tuesday, January 10th. Janney Montgomery Scott assumed coverage on shares of Hanover Insurance Group in a research note on Friday, November 11th. They set a “buy” rating and a $164.00 price objective on the stock. StockNews.com downgraded shares of Hanover Insurance Group from a “buy” rating to a hold rating in a research note on Thursday, October 13th. Finally, BMO Capital Markets assumed coverage on shares of Hanover Insurance Group in a research note on Thursday. They set a “buy price” target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hanover Insurance Group currently has a rating of “Hold” and a target price of $155.00.
Hanover Group Insurance Shares Fall 2.3%
Share of NYSE:THG opened at $128.41 on Friday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The Hanover Insurance Group, Inc. it has a 1-year low of $123.36 and a 1-year high of $155.55. The company’s fifty day moving average is $138.87 and its two hundred day moving average is $137.04. The company has a debt to equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.39.
The Hanover Insurance Group (NYSE:THG – Get the Badge) last issued its earnings results on Tuesday, November 1st. The insurance company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company’s revenue was $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hanover Insurance Group has a dividend yield of 5.42% and a return on equity of 13.26%. Equities analysts expect Hanover Insurance Group, Inc. to cover. the 8.76 EPS for the current year.
The Hanover Insurance Group Increases Interest
The company recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a dividend of $0.81 per share. This provides a $3.24 annual dividend and yields 2.52%. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.75. The distribution date is Wednesday, December 14th. Hanover Insurance Group’s dividend yield is 40.15%.
Order their Bets
In other news, EVP Mark Joseph Welzenbach bought 2,673 shares of the firm’s stock in a transaction on Friday, November 4. The stock sold at an average price of $142.21, for a total of $380,127.33. Following the transaction, the executive vice president now owns 19,846 shares in the company, valued at $2,822,299.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. 2.50% of the stock is owned by commercial companies.
The Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company engaged in providing property and casualty products and services. It operates in the following categories: Sales Lines, Personal Lines and Others. The Commercial Lines segment includes commercial accidents, commercial vehicles, workers’ compensation and other commercial lines, such as business special programs, marine inland, management and professional liability and confidence.
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