Intrust Bank NA Has $465,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Intrust Bank NA grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 39.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,828 shares of the insurance provider’s stock after purchasing an additional 1,083 shares during the period. Intrust Bank NA’s holdings in The Hanover Insurance Group were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in THG. Comerica Bank increased its holdings in The Hanover Insurance Group by 321.8% in the 3rd quarter. Comerica Bank now owns 51,519 shares of the insurance provider’s stock valued at $5,718,000 after buying an additional 39,306 shares during the period. Leeward Investments LLC MA lifted its stake in The Hanover Insurance Group by 13.1% during the fourth quarter. Leeward Investments LLC MA now owns 126,866 shares of the insurance provider’s stock worth $15,404,000 after purchasing an additional 14,686 shares during the period. Hsbc Holdings PLC boosted its holdings in The Hanover Insurance Group by 28.8% during the third quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider’s stock valued at $3,290,000 after purchasing an additional 6,579 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in The Hanover Insurance Group by 547.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider’s stock valued at $1,498,000 after purchasing an additional 11,416 shares in the last quarter. Finally, Markel Group Inc. grew its stake in shares of The Hanover Insurance Group by 19.6% in the 3rd quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider’s stock valued at $20,975,000 after purchasing an additional 31,000 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the completion of the transaction, the senior vice president now directly owns 3,612 shares in the company, valued at approximately $473,677.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

THG has been the subject of several analyst reports. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $140.83.

The Hanover Insurance Group Stock Down 0.3 %

Shares of The Hanover Insurance Group stock opened at $129.82 on Wednesday. The Hanover Insurance Group, Inc. has a 12 month low of $103.82 and a 12 month high of $138.00. The business has a fifty day simple moving average of $130.87 and a 200 day simple moving average of $126.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.66 billion, a PE ratio of 138.11 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. Research analysts predict that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.62%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s payout ratio is presently 361.71%.

The Hanover Insurance Group Profile

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 four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.