Markel Group Inc. Boosts Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Markel Group Inc. raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,000 shares of the insurance provider’s stock after acquiring an additional 14,000 shares during the quarter. Markel Group Inc.’s holdings in The Hanover Insurance Group were worth $37,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lecap Asset Management Ltd. lifted its stake in shares of The Hanover Insurance Group by 2.0% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after purchasing an additional 84 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock worth $2,176,000 after acquiring an additional 91 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of The Hanover Insurance Group by 4.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 97 shares during the last quarter. Signaturefd LLC grew its position in shares of The Hanover Insurance Group by 8.7% during the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after acquiring an additional 107 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of The Hanover Insurance Group by 35.4% in the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 109 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 2.1 %

Shares of THG opened at $159.63 on Friday. The firm has a market cap of $5.75 billion, a P/E ratio of 15.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 1 year low of $112.22 and a 1 year high of $160.23. The company has a 50 day simple moving average of $148.87 and a two-hundred day simple moving average of $137.31.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The Hanover Insurance Group’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts expect that The Hanover Insurance Group, Inc. will post 11.22 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. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s payout ratio is 33.73%.

Analyst Upgrades and Downgrades

THG has been the subject of several recent research reports. Bank of America boosted their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Piper Sandler boosted their price objective 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. JMP Securities raised their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.40.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the transaction, the executive vice president now owns 89,733 shares in the company, valued at $13,459,950. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the sale, the executive vice president now owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,303 shares of company stock worth $4,372,203. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Company 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.