SG Americas Securities LLC Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

SG Americas Securities LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,621 shares of the insurance provider’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of THG. Norges Bank purchased a new position in shares of The Hanover Insurance Group in the 4th quarter worth approximately $51,392,000. Mesirow Institutional Investment Management Inc. purchased a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $16,231,000. Morgan Stanley grew its position in The Hanover Insurance Group by 31.0% during the 3rd quarter. Morgan Stanley now owns 430,645 shares of the insurance provider’s stock worth $47,793,000 after purchasing an additional 101,823 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $10,944,000. Finally, Point72 Asset Management L.P. grew its position in The Hanover Insurance Group by 56,753.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 93,808 shares of the insurance provider’s stock worth $10,603,000 after purchasing an additional 93,643 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Activity at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now owns 3,612 shares in the company, valued at $473,677.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Keefe, Bruyette & Woods boosted their target price 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. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, April 5th. Finally, StockNews.com raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.83.

The Hanover Insurance Group Trading Up 0.2 %

Shares of The Hanover Insurance Group stock opened at $128.43 on Friday. The stock has a market cap of $4.61 billion, a PE ratio of 136.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a fifty day moving average price of $131.64 and a 200 day moving average price of $124.55. The Hanover Insurance Group, Inc. has a 1 year low of $103.82 and a 1 year high of $138.00.

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

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.65%. The Hanover Insurance Group’s dividend 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.