The Hanover Insurance Group, Inc. (NYSE:THG) Stock Holdings Lifted by US Bancorp DE

US Bancorp DE raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,587 shares of the insurance provider’s stock after purchasing an additional 190 shares during the quarter. US Bancorp DE’s holdings in The Hanover Insurance Group were worth $450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake 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 in the last quarter. Versant Capital Management Inc grew its stake 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new position in The Hanover Insurance Group in the first quarter valued at about $53,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, NBC Securities Inc. purchased a new position in The Hanover Insurance Group in the first quarter valued at about $102,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

NYSE THG opened at $169.64 on Wednesday. The Hanover Insurance Group, Inc. has a twelve month low of $131.63 and a twelve month high of $178.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $6.07 billion, a PE ratio of 11.17 and a beta of 0.45. The stock has a 50-day simple moving average of $167.72 and a 200 day simple moving average of $165.90.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group’s payout ratio is currently 23.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research note on Wednesday, July 9th. Morgan Stanley upped their price target on The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. JMP Securities set a $205.00 price target on The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.13.

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.