The Hanover Insurance Group, Inc. $THG Stock: ProShare Advisors LLC Lowers Stake

ProShare Advisors LLC lowered its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 12.4% during the third quarter, HoldingsChannel reports. The firm owned 128,450 shares of the insurance provider’s stock after selling 18,222 shares during the quarter. ProShare Advisors LLC’s holdings in The Hanover Insurance Group were worth $27,504,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $29,000. Clearstead Trust LLC acquired a new stake in The Hanover Insurance Group during the 2nd quarter worth approximately $36,000. Elevation Wealth Partners LLC raised its holdings in The Hanover Insurance Group by 106.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 194 shares of the insurance provider’s stock worth $42,000 after buying an additional 100 shares during the period. Root Financial Partners LLC raised its holdings in The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock worth $41,000 after buying an additional 97 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in The Hanover Insurance Group in the second quarter valued at approximately $51,000. Institutional investors own 86.61% of the company’s stock.

More The Hanover Insurance Group News

Here are the key news stories impacting The Hanover Insurance Group this week:

• Positive Sentiment: Third-quarter adjusted earnings were $5.15 per share, exceeding consensus estimates of $4.62, while earnings also improved from $5.09 in the year-ago quarter. The earnings beat supports confidence in THG’s profitability and helped reinforce recent stock momentum. Hanover Insurance Group Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management expects the full-year combined ratio to clearly outperform its original guidance, indicating stronger-than-anticipated underwriting performance. Although the company anticipates a 5.2% catastrophe load in the fourth quarter, the improved full-year outlook is a favorable signal for investors. Hanover Outlines Q4 Catastrophe Load and Full-Year Combined Ratio Outlook
• Positive Sentiment: Citizens JMP raised its price target from $240 to $250 and assigned a “market outperform” rating, implying additional upside from the stock’s current level. Citizens JMP THG Recommendation
• Positive Sentiment: RBC increased its target from $235 to $245 while maintaining a “sector perform” rating, reflecting a modestly higher valuation view despite a neutral stance. Royal Bank of Canada THG Recommendation
• Neutral Sentiment: Revenue of $1.74 billion fell short of the $1.81 billion analyst estimate, and reported profit declined according to some coverage, tempering the otherwise strong earnings reaction. The Hanover Insurance Group Reports Sales Below Estimates
• Negative Sentiment: Morgan Stanley raised its price target from $230 to $235 but retained an “equal weight” rating; the revised target remains below the current share price, signaling limited near-term upside in its view. Morgan Stanley THG Recommendation

Insiders Place Their Bets

In related news, EVP Dennis Kerrigan sold 6,551 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total value of $1,446,395.29. Following the completion of the transaction, the executive vice president owned 12,003 shares of the company’s stock, valued at approximately $2,650,142.37. This trade represents a 35.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Trading Down 0.1%

NYSE THG opened at $241.75 on Monday. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 11.56 and a beta of 0.24. The stock’s 50 day moving average price is $226.42 and its two-hundred day moving average price is $200.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 52 week low of $166.54 and a 52 week high of $242.54.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $5.15 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.53. The Hanover Insurance Group had a net margin of 10.97% and a return on equity of 21.63%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $5.09 EPS. As a group, analysts anticipate that The Hanover Insurance Group, Inc. will post 20.52 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a $3.80 annualized dividend and a yield of 1.6%. The Hanover Insurance Group’s dividend payout ratio is presently 18.17%.

Analyst Ratings Changes

THG has been the subject of several research analyst reports. Citigroup reiterated a “market outperform” rating on shares of The Hanover Insurance Group in a report on Thursday. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (a)” rating to a “buy (a+)” rating in a report on Thursday, October 8th. Citizens Jmp boosted their price objective on shares of The Hanover Insurance Group from $240.00 to $250.00 and gave the company a “market outperform” rating in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $260.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday, October 13th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $222.00 to $232.00 and gave the stock a “market perform” rating in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.00.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its principal operating subsidiary is The Hanover Insurance Company, which traces its roots to 1852 and is headquartered in Worcester, Massachusetts.

The company offers personal insurance products such as automobile, homeowners, condominium, renters and umbrella coverage. Its commercial insurance business serves small and midsize businesses with products that include commercial property, general liability, commercial automobile, workers’ compensation and other specialized coverages.

The Hanover also provides specialty insurance solutions for select industries and risks, including professional liability, management liability, marine and other niche commercial exposures.