The Hanover Insurance Group, Inc. $THG Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,982 shares of the insurance provider’s stock after acquiring an additional 170 shares during the period. Ballentine Partners LLC’s holdings in The Hanover Insurance Group were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. HM Payson & Co. lifted its stake in The Hanover Insurance Group by 6.7% during the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider’s stock valued at $185,000 after acquiring an additional 67 shares during the period. Evergreen Capital Management LLC boosted its holdings in The Hanover Insurance Group by 3.8% during the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock worth $315,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. boosted its holdings in The Hanover Insurance Group by 20.3% during the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after buying an additional 79 shares in the last quarter. Somerset Trust Co boosted its holdings in The Hanover Insurance Group by 7.1% during the second quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock worth $215,000 after buying an additional 84 shares in the last quarter. Finally, Intrust Bank NA boosted its holdings in The Hanover Insurance Group by 1.8% during the first quarter. Intrust Bank NA now owns 4,886 shares of the insurance provider’s stock worth $850,000 after buying an additional 85 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on THG. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 9th. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Finally, Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.13.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $179.40 on Monday. 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 fifty day moving average of $172.98 and a two-hundred day moving average of $169.01. The stock has a market capitalization of $6.42 billion, a PE ratio of 11.81 and a beta of 0.46. The Hanover Insurance Group, Inc. has a fifty-two week low of $142.48 and a fifty-two week high of $182.64.

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 analysts’ consensus estimates of $3.07 by $1.28. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio is presently 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.