Greenleaf Trust Has $249,000 Stock Holdings in The Hanover Insurance Group, Inc. $THG

Greenleaf Trust cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,465 shares of the insurance provider’s stock after selling 67 shares during the quarter. Greenleaf Trust’s holdings in The Hanover Insurance Group were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in shares of The Hanover Insurance Group by 8.8% in the second quarter. Public Employees Retirement System of Ohio now owns 11,954 shares of the insurance provider’s stock valued at $2,031,000 after buying an additional 966 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of The Hanover Insurance Group by 9.4% in the second quarter. Ballentine Partners LLC now owns 1,982 shares of the insurance provider’s stock valued at $337,000 after buying an additional 170 shares in the last quarter. A&I Financial Services LLC increased its stake in shares of The Hanover Insurance Group by 3.7% in the second quarter. A&I Financial Services LLC now owns 3,772 shares of the insurance provider’s stock valued at $641,000 after buying an additional 134 shares in the last quarter. UMB Bank n.a. increased its stake in shares of The Hanover Insurance Group by 20.3% in the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock valued at $79,000 after buying an additional 79 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of The Hanover Insurance Group by 3.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,008 shares of the insurance provider’s stock valued at $1,477,000 after buying an additional 315 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 1.0%

NYSE:THG opened at $184.03 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $142.48 and a fifty-two week high of $184.97. 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 stock has a market capitalization of $6.58 billion, a PE ratio of 12.12 and a beta of 0.44. The business’s 50-day simple moving average is $174.56 and its 200-day simple moving average is $169.41.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The Hanover Insurance Group’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts expect 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 disclosed 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. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 12th. The Hanover Insurance Group’s payout ratio is 23.70%.

Wall Street Analyst Weigh In

THG has been the subject of a number of research reports. Morgan Stanley lifted their price objective on The Hanover Insurance Group from $170.00 to $185.00 and gave the stock 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 price objective for the company in a research report on Wednesday, July 9th. JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a research report on Thursday, July 31st. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Saturday, September 27th. Seven 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $185.13.

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.