AXQ Capital LP Sells 451 Shares of The Hanover Insurance Group, Inc. $THG

AXQ Capital LP cut its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 21.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,696 shares of the insurance provider’s stock after selling 451 shares during the quarter. AXQ Capital LP’s holdings in The Hanover Insurance Group were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truist Financial Corp raised its position in shares of 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 during the period. Evergreen Capital Management LLC grew its stake in The Hanover Insurance Group by 3.8% in the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock valued at $315,000 after buying an additional 67 shares in the last quarter. UMB Bank n.a. grew its stake in The Hanover Insurance Group by 20.3% in the 2nd 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. Somerset Trust Co raised its holdings in The Hanover Insurance Group by 7.1% during the 2nd quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 84 shares during the period. Finally, Intrust Bank NA lifted its position in shares of 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 acquiring an additional 85 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Up 0.5%

Shares of The Hanover Insurance Group stock opened at $184.29 on Tuesday. 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 Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $186.46. The firm has a market cap of $6.56 billion, a PE ratio of 10.66 and a beta of 0.44. The company has a 50 day simple moving average of $177.19 and a two-hundred day simple moving average of $172.60.

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 analysts’ consensus estimates of $3.79 by $1.30. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.05 EPS. Analysts expect 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 company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio is currently 20.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on THG. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Morgan Stanley raised their target price on The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. JMP Securities set a $205.00 target price on The Hanover Insurance Group in a report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.83.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Denise Lowsley sold 1,619 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total transaction of $293,799.93. Following the sale, the executive vice president owned 3,511 shares in the company, valued at $637,141.17. This trade represents a 31.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

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.