The Hanover Insurance Group, Inc. (NYSE:THG) Position reduced by Russell Investments Group Ltd.

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Russell Investments Group Ltd. reduced its equity stake in The Hanover Insurance Group, Inc. (NYSE: THG – Get a rating) by 50.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 65,674 shares of the insurance provider after selling 66,736 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of The Hanover Insurance Group worth $8,412,000 at the end of the most recent quarter.

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Other major investors have also changed their positions in the company. GPS Wealth Strategies Group LLC increased its stake in shares of The Hanover Insurance Group by 55.0% in Q3. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider valued at $26,000 after buying 72 additional shares in the last quarter. Assetmark Inc. increased its stake in shares of The Hanover Insurance Group by 139.2% in the 2nd quarter. Assetmark Inc. now owns 244 shares of the insurance provider valued at $36,000 after buying an additional 142 shares in the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of The Hanover Insurance Group in Q2 worth approximately $47,000. Riverview Trust Co increased its stake in shares of The Hanover Insurance Group by 48.2% in Q3. Riverview Trust Co now owns 338 shares of the insurance provider valued at $43,000 after buying an additional 110 shares last quarter. Finally, Covestor Ltd increased its stake in shares of The Hanover Insurance Group by 35.4% in the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider valued at $78,000 after buying a further 136 shares in the last quarter. Institutional investors hold 86.39% of the company’s shares.

Hannover Insurance Group sources 1.0%

Shares of Action THG opened at $134.58 on Wednesday. The Hanover Insurance Group, Inc. has a 12 month minimum of $123.36 and a 12 month maximum of $155.55. The company has a market capitalization of $4.79 billion, a PE ratio of 16.68, a growth price-earnings ratio of 1.00 and a beta of 0.72. The stock has a 50-day moving average of $137.39 and a 200-day moving average of $136.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a leverage ratio of 0.34.

The Hannover Insurance Group (NYSE: THG – Get a rating) last released its quarterly results on Tuesday, November 1. The insurance provider reported EPS of $0.99 for the quarter, beating analyst consensus estimates of $0.97 by $0.02. The Hanover Insurance Group achieved a return on equity of 13.26% and a net margin of 5.42%. The company posted revenue of $1.41 billion in the quarter, compared to analysts’ estimates of $1.37 billion. On average, stock analysts predict The Hanover Insurance Group, Inc. will post an EPS of 5.54 for the current year.

Hanover Insurance Group increases its dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 30. Shareholders of record on Thursday, December 15 received a dividend of $0.81 per share. The ex-dividend date was Wednesday, December 14. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.75. This represents a dividend of $3.24 on an annualized basis and a dividend yield of 2.41%. The Hanover Insurance Group payout ratio is 40.15%.

Changes to analyst ratings

A number of equity research analysts have published reports on the company. Piper Sandler raised her target price on The Hanover Insurance Group from $144.00 to $151.00 in a Tuesday, January 10 research report. Janney Montgomery Scott assumed coverage for Hanover Insurance Group in a Friday, November 11 research report. They set a “buy” rating and a target price of $164.00 for the company. BMO Capital Markets assumed coverage of Hanover Insurance Group in a Thursday, Jan. 19, research report. They set a “market performance” rating and a target price of $141.00 for the company. StockNews.com upgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a Thursday, October 13 research report. Finally, Morgan Stanley raised its price target on The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a Tuesday, November 22 research report. Four investment analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Hold” and an average target price of $151.50.

Insider Trading at The Hanover Insurance Group

In related news, EVP Marc Joseph Welzenbach sold 2,673 shares of the company in a trade on Friday, November 4. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following completion of the transaction, the executive vice president now directly owns 19,846 shares of the company, valued at $2,822,299.66. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Company insiders hold 2.50% of the company’s shares.

Hannover Insurance Group company profile

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The Hanover Insurance Group, Inc. is a holding company that provides property and casualty insurance products and services. It operates through the following segments: business lines, personal lines and others. The Commercial Insurance segment includes commercial multi-peril, commercial automobile, workers’ compensation and other commercial coverage, such as specialty programs, inland marine, management and professional liability and surety. .