The Hanover Insurance Group, Inc. $THG Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,356 shares of the insurance provider’s stock after buying an additional 1,724 shares during the period. Envestnet Asset Management Inc. owned about 0.32% of The Hanover Insurance Group worth $19,426,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in THG. Truist Financial Corp boosted its holdings in The Hanover Insurance Group by 2.8% in the second quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock valued at $383,000 after purchasing an additional 62 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of The Hanover Insurance Group by 3.8% in the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock valued at $315,000 after purchasing an additional 67 shares during the period. UMB Bank n.a. raised its position in The Hanover Insurance Group by 20.3% during the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after buying an additional 79 shares during the last quarter. Somerset Trust Co boosted its stake in shares of The Hanover Insurance Group by 7.1% in the second quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock valued at $215,000 after buying an additional 84 shares in the last quarter. Finally, Intrust Bank NA increased its holdings in The Hanover Insurance Group by 1.8% in the first quarter. Intrust Bank NA now owns 4,886 shares of the insurance provider’s stock valued at $850,000 after buying an additional 85 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 0.5%

NYSE:THG opened at $176.05 on Thursday. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 10.18 and a beta of 0.44. The business’s 50-day simple moving average is $176.33 and its 200 day simple moving average is $171.10. 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 Hanover Insurance Group, Inc. has a one year low of $145.17 and a one year high of $186.46.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, topping the consensus estimate of $3.79 by $1.30. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company posted $3.05 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, September 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is presently 20.82%.

Analyst Upgrades and Downgrades

Several research firms recently commented on THG. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. JMP Securities set a $205.00 price target on The Hanover Insurance Group in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $191.83.

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.