The Hanover Insurance Group, Inc. $THG Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1,447.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,761 shares of the insurance provider’s stock after purchasing an additional 23,161 shares during the quarter. WINTON GROUP Ltd owned approximately 0.07% of The Hanover Insurance Group worth $5,302,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of The Hanover Insurance Group by 20,716.5% during the 2nd quarter. California State Teachers Retirement System now owns 9,034,151 shares of the insurance provider’s stock worth $1,934,392,000 after buying an additional 8,990,752 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of The Hanover Insurance Group in the 2nd quarter worth about $756,471,000. Alliancebernstein L.P. grew its stake in The Hanover Insurance Group by 36.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock valued at $217,505,000 after acquiring an additional 339,896 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in The Hanover Insurance Group by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 970,177 shares of the insurance provider’s stock valued at $168,179,000 after acquiring an additional 136,998 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in The Hanover Insurance Group by 24.9% during the 4th quarter. AQR Capital Management LLC now owns 953,781 shares of the insurance provider’s stock valued at $174,322,000 after acquiring an additional 190,350 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Dennis Kerrigan sold 6,551 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the completion of the transaction, the executive vice president owned 12,003 shares of the company’s stock, valued at $2,650,142.37. This represents a 35.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane D. Carlin sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $231.50, for a total transaction of $231,500.00. Following the completion of the sale, the director directly owned 2,270 shares in the company, valued at $525,505. This represents a 30.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,655 shares of company stock valued at $2,145,846. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a research note on Friday, July 10th. Weiss Ratings upgraded The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, July 30th. Piper Sandler lowered The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research note on Wednesday, July 15th. Finally, Morgan Stanley increased their target price on The Hanover Insurance Group from $235.00 to $240.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $225.71.

The Hanover Insurance Group Trading Down 0.1%

Shares of The Hanover Insurance Group stock opened at $223.59 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $166.54 and a fifty-two week high of $236.07. The business’s fifty day moving average is $222.56 and its two-hundred day moving average is $198.72. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.79 billion, a PE ratio of 10.67 and a beta of 0.26.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $1.47. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.35 earnings per share. Analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.95 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.80 annualized dividend and a yield of 1.7%. The Hanover Insurance Group’s payout ratio is 18.14%.

The Hanover Insurance Group Company 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 offerings are designed for individuals, families, businesses and specialty-market customers, with a focus on helping policyholders manage risks involving property, automobiles, liability and business operations.

The company’s personal lines business includes automobile, homeowners, renters, condominium, umbrella and related insurance products.