The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by International Assets Investment Management LLC (2024)

Posted by Defense World Staff on May 21st, 2024

International Assets Investment Management LLC decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,830 shares of the insurance provider’s stock after selling 100 shares during the quarter. International Assets Investment Management LLC’s holdings in The Hanover Insurance Group were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of THG. UMB Bank n.a. grew its position in The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares during the last quarter. Signaturefd LLC grew its holdings in The Hanover Insurance Group by 37.9% in the 3rd quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock worth $118,000 after buying an additional 292 shares in the last quarter. SG Americas Securities LLC bought a new position in The Hanover Insurance Group in the 4th quarter worth approximately $197,000. Ballentine Partners LLC acquired a new stake in The Hanover Insurance Group in the 4th quarter valued at approximately $205,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in The Hanover Insurance Group during the 3rd quarter valued at $213,000. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on THG. JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 15th. Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Oppenheimer increased their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Piper Sandler reissued an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. Finally, TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Check Out Our Latest Stock Analysis on THG

The Hanover Insurance Group Stock Performance

Shares of THG opened at $137.39 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The firm’s 50 day moving average is $131.69 and its 200-day moving average is $127.97. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00. The stock has a market capitalization of $4.94 billion, a P/E ratio of 30.81 and a beta of 0.67.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.47%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.