International Assets Investment Management LLC Has $81.82 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

International Assets Investment Management LLC boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14,711.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 552,450 shares of the insurance provider’s stock after purchasing an additional 548,720 shares during the quarter. International Assets Investment Management LLC’s holdings in The Hanover Insurance Group were worth $81,823,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of THG. Point72 Asset Management L.P. acquired a new position in The Hanover Insurance Group during the 2nd quarter worth $14,684,000. Massachusetts Financial Services Co. MA lifted its stake in shares of The Hanover Insurance Group by 5.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock valued at $168,247,000 after purchasing an additional 70,161 shares during the period. AQR Capital Management LLC lifted its stake in shares of The Hanover Insurance Group by 116.7% in the 2nd quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider’s stock valued at $14,150,000 after purchasing an additional 61,738 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $4,284,000. Finally, American Century Companies Inc. lifted its stake in shares of The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after purchasing an additional 33,249 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on THG. Piper Sandler increased their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Bank of America increased their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.20.

The Hanover Insurance Group Price Performance

THG opened at $147.82 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 12 month low of $112.22 and a 12 month high of $155.84. The company has a fifty day simple moving average of $146.22 and a 200 day simple moving average of $135.81. The stock has a market cap of $5.31 billion, a P/E ratio of 33.14 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned ($1.91) EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 12,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares in the company, valued at approximately $10,249,392.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Jeffrey M. Farber sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total value of $721,968.00. Following the completion of the transaction, the executive vice president now owns 80,790 shares in the company, valued at $12,151,623.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares of the company’s stock, valued at $10,249,392.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,303 shares of company stock worth $4,372,203. Corporate insiders own 2.40% of the company’s stock.

About The Hanover Insurance Group

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.