The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 609.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 78,574 shares of the insurance provider’s stock after purchasing an additional 67,506 shares during the period. Natixis Advisors LLC owned about 0.22% of The Hanover Insurance Group worth $13,668,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of THG. True Wealth Design LLC grew its holdings in The Hanover Insurance Group by 81.7% in the fourth quarter. True Wealth Design LLC now owns 307 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 138 shares during the last quarter. Versant Capital Management Inc grew its holdings in The Hanover Insurance Group by 331.4% in the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in The Hanover Insurance Group in the first quarter valued at $53,000. GAMMA Investing LLC grew its holdings in The Hanover Insurance Group by 47.2% in the first quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 160 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in The Hanover Insurance Group in the first quarter valued at $102,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 1.7%

Shares of NYSE:THG opened at $168.69 on Monday. The stock’s 50-day moving average price is $168.21 and its two-hundred day moving average price is $165.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. The Hanover Insurance Group, Inc. has a 12-month low of $130.60 and a 12-month high of $178.68. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 11.11 and a beta of 0.45.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $1.28. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company earned $1.88 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 23.70%.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the sale, the executive vice president directly owned 25,864 shares of the company’s stock, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Morgan Stanley increased their price objective on The Hanover Insurance Group from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research note on Wednesday, July 9th. Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday. Finally, JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a research note on Thursday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $185.13.

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.