Aster Capital Management DIFC Ltd Has $35,000 Stock Holdings in The Hanover Insurance Group, Inc. $THG

Aster Capital Management DIFC Ltd decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 93.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191 shares of the insurance provider’s stock after selling 2,864 shares during the period. Aster Capital Management DIFC Ltd’s holdings in The Hanover Insurance Group were worth $35,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in THG. Millennium Management LLC increased its holdings in shares of The Hanover Insurance Group by 61.0% in the first quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after acquiring an additional 33,495 shares in the last quarter. NewEdge Advisors LLC lifted its stake in The Hanover Insurance Group by 1,568.9% in the first quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock valued at $131,000 after buying an additional 706 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in The Hanover Insurance Group by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock valued at $38,052,000 after buying an additional 38,905 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of The Hanover Insurance Group by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock valued at $22,445,000 after buying an additional 7,712 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of The Hanover Insurance Group by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 114,356 shares of the insurance provider’s stock worth $19,426,000 after acquiring an additional 1,724 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

THG opened at $179.09 on Wednesday. The business’s 50-day simple moving average is $175.54 and its 200 day simple moving average is $177.33. The Hanover Insurance Group, Inc. has a 52-week low of $147.76 and a 52-week high of $188.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $6.30 billion, a PE ratio of 9.86 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The firm had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%. As a group, 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.95 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 20.91%.

Analyst Ratings Changes

Several equities research analysts recently commented on THG shares. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada assumed coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price on the stock. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.60.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Richard W. Lavey sold 24,420 shares of The Hanover Insurance Group stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $178.92, for a total value of $4,369,226.40. Following the completion of the transaction, the executive vice president owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jane D. Carlin sold 1,200 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $180.91, for a total transaction of $217,092.00. Following the completion of the sale, the director directly owned 2,423 shares in the company, valued at approximately $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.