Foster & Motley Inc. sold 2,952 shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Foster & Motley Inc. reduced its stake in The Hanover Insurance Group, Inc. (NYSE: THG – Receive Rating ) by 40.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,425 shares of the insurance provider’s stock after selling 2,952 shares during the quarter. The holdings of Foster & Motley Inc. in The Hanover Insurance Group were worth $567,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in The Hanover Insurance Group by 8.4% in the third quarter. Great West Life Assurance Co. Can now owns 25,371 shares of the insurance provider’s stock valued at $3,252,000 after purchasing an additional 1,968 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of The Hanover Insurance Group in the second quarter valued at $222,000. Aptus Capital Advisors LLC raised its position in shares of The Hanover Insurance Group by 9.0% in the third quarter. Aptus Capital Advisors LLC now owns 28,883 shares of the insurance provider’s stock valued at $3,701,000 after purchasing an additional 2,373 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new stake in shares of The Hanover Insurance Group during the second quarter valued at $11,701,000. Finally, State of North Carolina State Treasurer raised its position in shares of The Hanover Insurance Group by 13.8% during the second quarter. State Treasurer State of North Carolina now owns 14,973 shares of the insurance provider’s stock valued at $2,190,000 after purchasing an additional 1,821 shares in the last quarter. Institutional investors own 86.39% of the company’s shares.

Hanover Insurance Group Pricing Performance

NYSE:THG opened at $131.82 on Wednesday. Hanover Insurance Group, Inc. has a one year low of $123.36 and a one year high of $155.55. The company has a market cap of $4.69 billion, a P/E ratio of 16.33, a P/E/G ratio of 0.98 and a beta of 0.72. The firm’s fifty day moving average is $138.32 and its two hundred day moving average is $136.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.39, and a quick ratio of 0.39.

Hanover Insurance Group (NYSE:THG – Get Rating ) last posted its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Hanover Insurance Group had a net margin of 5.42% and a return on equity of 13.26%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. Equities analysts expect that The Hanover Insurance Group, Inc. will report 8.63 earnings per share for the current year.

Hanover Insurance Group increases dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.81 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.75. This represents a $3.24 annual dividend and a dividend yield of 2.46%. Hanover Insurance Group’s dividend payout ratio is 40.15%.

Internal work at The Hanover Insurance Group

In related news, EVP Mark Joseph Weltzenbach sold 2,673 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $142.21, for a total value of $380,127.33. Following the transaction, the executive vice president now directly owns 19,846 shares in the company, valued at $2,822,299.66. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this hyperlink. 2.50% of shares are currently owned by corporate insiders.

The Wall Street analyst weighs in

A number of brokerages recently commented on THG. BMO Capital Markets began coverage on shares of The Hanover Insurance Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 target price on the stock. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. StockNews.com lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Finally, Janney Montgomery Scott initiated coverage on shares of The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $151.50, according to MarketBeat.com.

Hanover Insurance Group Company Profile

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Hanover Insurance Group, Inc is a holding company engaged in the provision of property and casualty products and services. It operates through the following segments: commercial lines, personal lines and others. The commercial lines segment includes commercial multiple risks, commercial auto, workers’ compensation and other commercial coverages such as special program business, inland marine, management and professional liability and surety.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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