The Hanover Insurance Group, Inc. $THG Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,161 shares of the insurance provider’s stock after selling 149 shares during the period. Parallel Advisors LLC’s holdings in The Hanover Insurance Group were worth $537,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. acquired a new stake in shares of The Hanover Insurance Group in the 1st quarter worth $209,000. Principal Financial Group Inc. raised its holdings in The Hanover Insurance Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider’s stock worth $14,418,000 after purchasing an additional 252 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of The Hanover Insurance Group by 7.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 112,632 shares of the insurance provider’s stock worth $19,592,000 after buying an additional 7,661 shares during the last quarter. Bayforest Capital Ltd raised its position in The Hanover Insurance Group by 881.5% during the first quarter. Bayforest Capital Ltd now owns 3,926 shares of the insurance provider’s stock worth $683,000 after acquiring an additional 3,526 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of The Hanover Insurance Group by 31.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,351 shares of the insurance provider’s stock worth $1,292,000 after purchasing an additional 1,996 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on THG shares. Morgan Stanley boosted their price objective on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. 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. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Finally, Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Six equities 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $185.13.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $174.95 on Friday. The firm’s 50-day moving average is $171.82 and its 200-day moving average is $168.62. The Hanover Insurance Group, Inc. has a 52-week low of $142.48 and a 52-week high of $182.64. 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 company has a market cap of $6.26 billion, a price-to-earnings ratio of 11.52 and a beta of 0.46.

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, beating the consensus estimate of $3.07 by $1.28. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. The Hanover Insurance Group’s payout ratio is 23.70%.

The Hanover Insurance Group Company 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.