SG Americas Securities LLC Raises Stock Holdings in The Hanover Insurance Group, Inc. $THG

SG Americas Securities LLC boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 951.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,699 shares of the insurance provider’s stock after acquiring an additional 12,396 shares during the quarter. SG Americas Securities LLC’s holdings in The Hanover Insurance Group were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of THG. JPL Wealth Management LLC purchased a new stake in shares of The Hanover Insurance Group during the third quarter valued at $26,000. Community Bank N.A. purchased a new stake in The Hanover Insurance Group in the 3rd quarter valued at about $27,000. Clearstead Advisors LLC grew its stake in The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 worth $38,000 after acquiring an additional 81 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of NYSE:THG opened at $175.93 on Friday. The firm has a 50 day moving average of $174.09 and a 200 day moving average of $176.92. 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 company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 9.68 and a beta of 0.29. The Hanover Insurance Group, Inc. has a 52 week low of $147.76 and a 52 week high of $188.18.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share (EPS) for the quarter. The business 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%. On average, 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 Dividend Announcement

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

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 that occurred on 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 transaction, the executive vice president owned 32,174 shares of the company’s stock, valued at $5,756,572.08. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 2,423 shares of the company’s stock, valued at approximately $438,344.93. This trade represents a 33.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on THG. Keefe, Bruyette & Woods raised their price objective 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 report on Saturday, February 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $199.50.

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.