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Dividend Assets Capital LLC Trims Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Financial News Live · Sep 24, 2022 10:52

Dividend Assets Capital LLC lowered its position in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,253 shares of the insurance provider's stock after selling 327 shares during the period. Dividend Assets Capital LLC's holdings in The Hanover Insurance Group were worth $2,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in THG. GHP Investment Advisors Inc. purchased a new position in shares of The Hanover Insurance Group during the first quarter worth approximately $37,000. Meeder Asset Management Inc. increased its holdings in The Hanover Insurance Group by 25,200.0% in the first quarter. Meeder Asset Management Inc. now owns 253 shares of the insurance provider's stock valued at $38,000 after buying an additional 252 shares in the last quarter. Quent Capital LLC increased its stake in shares of The Hanover Insurance Group by 63.7% during the first quarter. Quent Capital LLC now owns 329 shares of the insurance provider's stock worth $49,000 after purchasing an additional 128 shares in the last quarter. Covestor Ltd increased its stake in shares of The Hanover Insurance Group by 35.4% during the first quarter. Covestor Ltd now owns 520 shares of the insurance provider's stock worth $78,000 after purchasing an additional 136 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in The Hanover Insurance Group by 45.7% during the first quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider's stock worth $81,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 85.81% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on THG shares. StockNews.com downgraded shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 13th. Morgan Stanley reduced their target price on shares of The Hanover Insurance Group from $155.00 to $145.00 and set an "equal weight" rating for the company in a research note on Friday, August 19th.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 946 shares of the company's stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $136.65, for a total value of $129,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Trading Down 0.3 %

Shares of THG traded down $0.40 during mid-day trading on Friday, hitting $132.19. The company had a trading volume of 207,154 shares, compared to its average volume of 172,795. The stock has a market cap of $4.71 billion, a PE ratio of 14.69, a P/E/G ratio of 0.76 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30. The Hanover Insurance Group, Inc. has a 1-year low of $121.69 and a 1-year high of $155.55. The business's 50-day simple moving average is $133.66 and its 200-day simple moving average is $141.88.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, September 15th. This represents a $3.00 annualized dividend and a yield of 2.27%. The Hanover Insurance Group's payout ratio is 33.33%.

The Hanover Insurance Group Company Profile

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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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.