62,558 Shares in The Hanover Insurance Group, Inc. $THG Purchased by Nuveen LLC

Nuveen LLC acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 62,558 shares of the insurance provider’s stock, valued at approximately $10,882,000. Nuveen LLC owned approximately 0.17% of The Hanover Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its stake in shares of The Hanover Insurance Group by 331.4% during the 1st 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 period. Harbor Capital Advisors Inc. bought a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at about $53,000. True Wealth Design LLC grew its stake in shares of The Hanover Insurance Group by 81.7% during the 4th 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 period. Finally, GAMMA Investing LLC grew its stake in shares of The Hanover Insurance Group by 47.2% during the 1st 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 period. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on THG shares. Wall Street Zen upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price target 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, August 1st. JMP Securities set a $205.00 price target on 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 objective for the company in a research note on Wednesday, July 9th. Finally, Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $185.13.

The Hanover Insurance Group Trading Up 0.8%

THG stock opened at $175.4140 on Friday. The Hanover Insurance Group, Inc. has a 1-year low of $135.49 and a 1-year high of $178.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 11.55 and a beta of 0.45. The business has a 50 day simple moving average of $167.76 and a two-hundred day simple moving average of $166.77.

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

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued 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 dividend payout ratio is 23.70%.

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.