UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $15.52 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,813 shares of the insurance provider’s stock after selling 582 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of The Hanover Insurance Group worth $15,524,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of THG. International Assets Investment Management LLC lifted its holdings in The Hanover Insurance Group by 14,711.0% during the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after buying an additional 548,720 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after purchasing an additional 143,339 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $14,684,000. AQR Capital Management LLC lifted its stake in shares of The Hanover Insurance Group by 116.7% in the 2nd quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider’s stock valued at $14,150,000 after purchasing an additional 61,738 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $4,284,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares in the company, valued at $8,782,214.76. This represents a 10.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 30,551 shares of company stock worth $4,781,935. Corporate insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Price Performance

THG stock opened at $160.81 on Friday. The stock has a 50-day moving average price of $155.29 and a two-hundred day moving average price of $141.41. The stock has a market cap of $5.79 billion, a PE ratio of 15.95 and a beta of 0.71. 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 Hanover Insurance Group, Inc. has a 1 year low of $119.36 and a 1 year high of $166.13.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio is 35.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on THG shares. Piper Sandler increased their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Bank of America increased their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped 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 research report on Thursday, November 7th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Oppenheimer upped 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 research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.29.

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.