Ameritas Advisory Services LLC Invests $39,000 in The Hanover Insurance Group, Inc. $THG

Ameritas Advisory Services LLC purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 227 shares of the insurance provider’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in THG. GAMMA Investing LLC grew its position in shares of The Hanover Insurance Group by 47.2% during the 1st quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock worth $87,000 after buying an additional 160 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of The Hanover Insurance Group during the 1st quarter worth $216,000. Wealth Enhancement Advisory Services LLC grew its position in shares of The Hanover Insurance Group by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,693 shares of the insurance provider’s stock worth $1,512,000 after buying an additional 342 shares in the last quarter. Trust Point Inc. grew its position in shares of The Hanover Insurance Group by 20.8% during the 1st quarter. Trust Point Inc. now owns 2,688 shares of the insurance provider’s stock worth $468,000 after buying an additional 462 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of The Hanover Insurance Group by 0.7% during the 1st quarter. State of Alaska Department of Revenue now owns 15,612 shares of the insurance provider’s stock worth $2,715,000 after buying an additional 110 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Up 1.0%

The Hanover Insurance Group stock opened at $177.55 on Wednesday. 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 Hanover Insurance Group, Inc. has a 52 week low of $145.17 and a 52 week high of $186.46. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 11.69 and a beta of 0.44. The stock has a 50-day moving average price of $176.20 and a 200 day moving average price of $169.80.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors 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 payout ratio is 23.70%.

Analyst Ratings Changes

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

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.