CoreCap Advisors LLC Acquires 3,256 Shares of The Hanover Insurance Group, Inc. $THG

CoreCap Advisors LLC lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,037 shares of the insurance provider’s stock after buying an additional 3,256 shares during the period. CoreCap Advisors LLC owned about 0.07% of The Hanover Insurance Group worth $4,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. JPL Wealth Management LLC bought a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $26,000. Community Bank N.A. acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC raised its stake in shares of The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of The Hanover Insurance Group by 56.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 81 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter worth $43,000. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on THG. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Wall Street Zen cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the sale, the director owned 2,423 shares in the company, valued at $438,344.93. This represents a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard W. Lavey sold 24,420 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was 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 directly owned 32,174 shares of the company’s stock, valued at $5,756,572.08. The trade was a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by company insiders.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $169.15 on Friday. The company has a market capitalization of $5.95 billion, a PE ratio of 9.31 and a beta of 0.31. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $173.77 and its 200-day moving average price is $177.10. The Hanover Insurance Group, Inc. has a twelve month low of $147.76 and a twelve month high of $188.18.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Friday, February 20th. The insurance provider reported $5.46 earnings per share (EPS) for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The firm had revenue of $1.67 billion during the quarter. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.95 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 20.91%.

The Hanover Insurance Group 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.