KLP Kapitalforvaltning AS Has $1.51 Million Stock Position in The Hanover Insurance Group, Inc. $THG

KLP Kapitalforvaltning AS trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the insurance provider’s stock after selling 1,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in The Hanover Insurance Group were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in The Hanover Insurance Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider’s stock valued at $632,338,000 after buying an additional 21,221 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of The Hanover Insurance Group by 9.3% in the 1st quarter. Alliancebernstein L.P. now owns 940,522 shares of the insurance provider’s stock worth $163,604,000 after acquiring an additional 80,262 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 45.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider’s stock worth $157,905,000 after acquiring an additional 282,233 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of The Hanover Insurance Group by 25.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 464,660 shares of the insurance provider’s stock worth $78,932,000 after acquiring an additional 94,780 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of The Hanover Insurance Group by 59.3% in the 1st quarter. AQR Capital Management LLC now owns 457,809 shares of the insurance provider’s stock worth $79,032,000 after acquiring an additional 170,453 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

THG stock opened at $176.00 on Tuesday. The business’s fifty day moving average is $176.07 and its 200-day moving average is $169.74. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.30 billion, a P/E ratio of 11.59 and a beta of 0.44. The Hanover Insurance Group, Inc. has a twelve month low of $145.17 and a twelve month high of $186.46.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $1.28. The company 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 firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.90 dividend. 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 23.70%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on THG. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Morgan Stanley boosted their target price on The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a report on Wednesday, July 9th. Finally, JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

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.