Signaturefd LLC Acquires 154 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Signaturefd LLC raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,216 shares of the insurance provider’s stock after purchasing an additional 154 shares during the quarter. Signaturefd LLC’s holdings in The Hanover Insurance Group were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its holdings in shares of The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 84 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of The Hanover Insurance Group by 1.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,837 shares of the insurance provider’s stock worth $759,000 after acquiring an additional 100 shares during the period. Assetmark Inc. lifted its holdings in shares of The Hanover Insurance Group by 13.8% during the 3rd quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 113 shares during the period. Arizona State Retirement System lifted its holdings in shares of The Hanover Insurance Group by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,172 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 139 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC increased its position in The Hanover Insurance Group by 3.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,948 shares of the insurance provider’s stock worth $438,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling

In other The Hanover Insurance Group 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 value of $65,570.00. Following the transaction, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at $473,677.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

THG has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, April 5th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods upped their price objective 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $140.83.

The Hanover Insurance Group Trading Down 1.3 %

Shares of NYSE THG opened at $129.59 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group, Inc. has a 52-week low of $103.82 and a 52-week high of $138.00. The firm has a 50 day moving average price of $131.08 and a two-hundred day moving average price of $126.02. The stock has a market cap of $4.66 billion, a P/E ratio of 137.86 and a beta of 0.67.

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

The Hanover Insurance Group Announces Dividend

The business also recently announced 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 of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 361.71%.

About The Hanover Insurance Group

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.