Alliancebernstein L.P. Lowers Position in The Hanover Insurance Group, Inc. $THG

Alliancebernstein L.P. lessened its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,262,719 shares of the insurance provider’s stock after selling 17,699 shares during the period. Alliancebernstein L.P. owned 3.55% of The Hanover Insurance Group worth $229,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings 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 buying an additional 150 shares during the period. Steward Partners Investment Advisory LLC grew 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 purchasing an additional 81 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of The Hanover Insurance Group during the third quarter worth about $43,000. Quent Capital LLC bought a new stake in The Hanover Insurance Group during the 3rd quarter valued at approximately $69,000. Finally, Johnson Financial Group Inc. bought a new stake in The Hanover Insurance Group during the 3rd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.4%

Shares of NYSE THG opened at $173.55 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 debt-to-equity ratio of 0.24, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50 day moving average is $174.25 and its two-hundred day moving average is $177.47. The stock has a market capitalization of $6.10 billion, a P/E ratio of 9.55 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 earnings per share (EPS) for the quarter. The business had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada started coverage on The Hanover Insurance Group in a research note on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target for the company. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Insider Activity

In related news, 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 transaction, the executive vice president directly owned 32,174 shares in the company, valued at approximately $5,756,572.08. This represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $180.91, for a total value of $217,092.00. Following the transaction, the director owned 2,423 shares of the company’s stock, valued at approximately $438,344.93. The trade was a 33.12% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.