Burns Matteson Capital Management LLC Makes New Investment in The Hanover Insurance Group, Inc. $THG

Burns Matteson Capital Management LLC bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,063 shares of the insurance provider’s stock, valued at approximately $560,000.

A number of other large investors also recently made changes to their positions in THG. Millennium Management LLC grew its position in The Hanover Insurance Group by 61.0% in the 1st quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after purchasing an additional 33,495 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 1,568.9% in the 1st quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock worth $131,000 after buying an additional 706 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 acquiring an additional 38,905 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 7,712 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of The Hanover Insurance Group by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 78,630 shares of the insurance provider’s stock valued at $13,357,000 after acquiring an additional 15,481 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

The Hanover Insurance Group Trading Up 0.4%

Shares of THG stock opened at $173.30 on Wednesday. The company has a 50 day moving average of $173.87 and a 200-day moving average of $176.96. 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 Hanover Insurance Group, Inc. has a 12-month low of $147.76 and a 12-month high of $188.18. The firm has a market cap of $6.10 billion, a P/E ratio of 9.54 and a beta of 0.31.

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

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. The Hanover Insurance Group’s dividend payout ratio is currently 20.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on THG. Wall Street Zen lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Four 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $199.50.

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.