Crossmark Global Holdings Inc. Grows Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Crossmark Global Holdings Inc. grew its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 47.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,383 shares of the insurance provider’s stock after buying an additional 1,092 shares during the period. Crossmark Global Holdings Inc.’s holdings in The Hanover Insurance Group were worth $501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners raised its holdings in The Hanover Insurance Group by 111.8% during 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 period. Interval Partners LP purchased a new stake in The Hanover Insurance Group during the 1st quarter worth about $2,349,000. Tidal Investments LLC bought a new position in The Hanover Insurance Group in the 1st quarter worth about $867,000. Markel Group Inc. grew its holdings in The Hanover Insurance Group by 5.8% during the 3rd quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock valued at $37,620,000 after buying an additional 14,000 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in shares of The Hanover Insurance Group during the second quarter valued at about $681,000. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the sale, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,303 shares of company stock valued at $6,306,926. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Price Performance

THG stock opened at $163.48 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $5.89 billion, a P/E ratio of 16.22 and a beta of 0.70. The firm’s fifty day moving average is $150.50 and its 200 day moving average is $138.47. The Hanover Insurance Group, Inc. has a 52 week low of $116.70 and a 52 week high of $164.67.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The business 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 earned $0.19 EPS. The Hanover Insurance Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts predict that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 33.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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, November 7th. Bank of America boosted their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JMP Securities increased their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Oppenheimer raised their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $173.40.

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.