Deutsche Bank AG lowered its position in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 48.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,982 shares of the insurance provider’s stock after selling 20,423 shares during the quarter. Deutsche Bank AG owned approximately 0.06% of The Hanover Insurance Group worth $3,216,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in The Hanover Insurance Group by 139.2% in the second quarter. Assetmark Inc. now owns 244 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of The Hanover Insurance Group by 25,200.0% during the 1st quarter. Meeder Asset Management Inc. now owns 253 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 252 shares in the last quarter. Quent Capital LLC boosted its stake in shares of The Hanover Insurance Group by 63.7% during the 1st quarter. Quent Capital LLC now owns 329 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 128 shares in the last quarter. Covestor Ltd boosted its stake in shares of The Hanover Insurance Group by 35.4% during the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 136 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of The Hanover Insurance Group by 45.7% during the 1st quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock worth $81,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.
The Hanover Insurance Group Price Performance
NYSE THG opened at $145.99 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $123.36 and a twelve month high of $155.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $5.19 billion, a PE ratio of 18.09, a P/E/G ratio of 1.00 and a beta of 0.70. The stock has a 50-day simple moving average of $139.28 and a 200 day simple moving average of $138.88.
The Hanover Insurance Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $3.00 annualized dividend and a yield of 2.05%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 37.17%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on THG shares. StockNews.com downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Piper Sandler downgraded The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $144.00 price target for the company. in a research note on Monday, November 7th. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Finally, Janney Montgomery Scott started coverage on The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 price objective for the company.
Insider Buying and Selling at The Hanover Insurance Group
In other The Hanover Insurance Group news, EVP Mark Joseph Welzenbach sold 2,673 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following the completion of the transaction, the executive vice president now owns 19,846 shares of the company’s stock, valued at approximately $2,822,299.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.
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.
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