Hillsdale Investment Management Inc. Invests $3.32 Million in The Hanover Insurance Group, Inc. $THG

Hillsdale Investment Management Inc. purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,300 shares of the insurance provider’s stock, valued at approximately $3,324,000. Hillsdale Investment Management Inc. owned 0.05% of The Hanover Insurance Group at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in shares of The Hanover Insurance Group by 56.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after buying an additional 81 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in The Hanover Insurance Group in the 3rd quarter worth about $43,000. Quent Capital LLC bought a new stake in The Hanover Insurance Group in the 3rd quarter valued at about $69,000. Bessemer Group Inc. lifted its holdings in The Hanover Insurance Group by 87.7% during the third quarter. Bessemer Group Inc. now owns 533 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 249 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in The Hanover Insurance Group by 25.4% during the third quarter. GAMMA Investing LLC now owns 671 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 136 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank Of Canada started coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $200.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $200.40.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $175.94 on Monday. The Hanover Insurance Group, Inc. has a 1-year low of $147.76 and a 1-year high of $188.18. The company has a current ratio of 0.43, a quick ratio of 0.42 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.26 billion, a PE ratio of 9.68 and a beta of 0.32. The firm’s 50 day simple moving average is $176.56 and its 200 day simple moving average is $176.95.

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

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The Hanover Insurance Group’s payout ratio is 20.91%.

Insider Activity

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 stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the completion of the sale, the executive vice president owned 32,174 shares in the company, valued at approximately $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 can be accessed through this link. 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.