The Hanover Insurance Group, Inc. $THG Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,134 shares of the insurance provider’s stock after selling 258 shares during the period. Cresset Asset Management LLC’s holdings in The Hanover Insurance Group were worth $371,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Clearstead Trust LLC acquired a new position in The Hanover Insurance Group during the first quarter worth $27,000. True Wealth Design LLC increased 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 during the last quarter. Versant Capital Management Inc increased 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new position in The Hanover Insurance Group in the first quarter valued at $53,000. Finally, GAMMA Investing LLC increased 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 during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the subject of several research analyst reports. JMP Securities set a $205.00 price target on The Hanover Insurance Group in a research note on Thursday, July 31st. Wall Street Zen upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 target price for the company in a research note on Wednesday, July 9th. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their target price 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. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.13.

The Hanover Insurance Group Price Performance

Shares of THG opened at $175.4140 on Monday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 11.55 and a beta of 0.45. The stock has a 50 day moving average of $167.76 and a 200-day moving average of $166.82. 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 52 week low of $135.49 and a 52 week high of $178.68.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results 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 the consensus estimate of $1.60 billion. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

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

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.