London Co. of Virginia Sells 12,784 Shares of The Hanover Insurance Group, Inc. $THG

London Co. of Virginia cut its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 453,942 shares of the insurance provider’s stock after selling 12,784 shares during the period. London Co. of Virginia’s holdings in The Hanover Insurance Group were worth $82,451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in THG. AMG National Trust Bank increased its position in The Hanover Insurance Group by 0.7% in the 3rd quarter. AMG National Trust Bank now owns 10,832 shares of the insurance provider’s stock valued at $1,967,000 after acquiring an additional 73 shares during the period. Buckhead Capital Management LLC raised its stake in shares of The Hanover Insurance Group by 2.2% during the third quarter. Buckhead Capital Management LLC now owns 3,435 shares of the insurance provider’s stock valued at $624,000 after acquiring an additional 75 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of The Hanover Insurance Group by 56.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 81 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of The Hanover Insurance Group by 3.0% during the third quarter. Global Retirement Partners LLC now owns 2,944 shares of the insurance provider’s stock worth $535,000 after purchasing an additional 85 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 11.7% during the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 85 shares during the period. 86.61% of the stock is owned by institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $180.91, for a total value of $217,092.00. Following the completion of the sale, the director directly owned 2,423 shares of the company’s stock, valued at $438,344.93. The trade was a 33.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard W. Lavey sold 24,420 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the transaction, the executive vice president directly owned 32,174 shares in the company, valued at approximately $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Up 0.5%

Shares of NYSE THG opened at $174.20 on Tuesday. The firm has a market cap of $6.12 billion, a PE ratio of 9.59 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 12-month low of $147.76 and a 12-month high of $188.18. The company’s fifty day simple moving average is $174.12 and its 200 day simple moving average is $177.47. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. The firm had revenue of $1.67 billion during the quarter. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.95 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 20.91%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on THG shares. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada started coverage on The Hanover Insurance Group in a research note on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.60.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.