GSA Capital Partners LLP Increases Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

GSA Capital Partners LLP boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 85.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,986 shares of the insurance provider’s stock after buying an additional 4,595 shares during the period. GSA Capital Partners LLP’s holdings in The Hanover Insurance Group were worth $1,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of THG. Boston Partners boosted its holdings in shares of The Hanover Insurance Group by 111.8% in the 1st quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock valued at $1,739,000 after acquiring an additional 6,753 shares during the last quarter. Interval Partners LP acquired a new stake in The Hanover Insurance Group during the 1st quarter worth about $2,349,000. BNP Paribas Financial Markets raised its stake in shares of The Hanover Insurance Group by 65.9% during the 1st quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after buying an additional 4,738 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of The Hanover Insurance Group in the 1st quarter valued at about $867,000. Finally, Markel Group Inc. boosted its stake in shares of The Hanover Insurance Group by 5.8% in the third quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock worth $37,620,000 after buying an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,303 shares of company stock worth $6,306,926. Corporate insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on THG shares. JMP Securities lifted their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Oppenheimer lifted their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods raised their price target 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. Bank of America upped their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Piper Sandler increased their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $173.40.

The Hanover Insurance Group Stock Performance

THG opened at $162.56 on Thursday. The firm’s fifty day simple moving average is $149.82 and its two-hundred day simple moving average is $138.01. The Hanover Insurance Group, Inc. has a 52-week low of $113.85 and a 52-week high of $164.67. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 16.13 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $0.19 EPS. The Hanover Insurance Group’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 33.73%.

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.