The Hanover Insurance Group, Inc. $THG Stock Holdings Lifted by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,864 shares of the insurance provider’s stock after acquiring an additional 5,650 shares during the quarter. Hodges Capital Management Inc. owned 0.13% of The Hanover Insurance Group worth $8,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Millennium Management LLC lifted its holdings in shares of The Hanover Insurance Group by 61.0% during the first quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock valued at $15,371,000 after purchasing an additional 33,495 shares during the last quarter. NewEdge Advisors LLC raised its holdings in The Hanover Insurance Group by 1,568.9% during 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 period. Goldman Sachs Group Inc. raised its holdings in The Hanover Insurance Group by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock worth $38,052,000 after buying an additional 38,905 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in The Hanover Insurance Group by 6.4% during 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 buying an additional 7,712 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of The Hanover Insurance Group in the second quarter worth about $254,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Up 1.9%

THG opened at $175.03 on Wednesday. The company has a market capitalization of $6.23 billion, a PE ratio of 9.63 and a beta of 0.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.43 and a quick ratio of 0.42. The Hanover Insurance Group, Inc. has a fifty-two week low of $147.76 and a fifty-two week high of $188.18. The business has a 50-day moving average of $177.05 and a 200-day moving average of $176.88.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 3rd. The insurance provider reported $5.79 EPS for the quarter, beating the consensus estimate of $5.20 by $0.59. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.32 EPS. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS 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. Stockholders of record on Friday, December 12th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, December 12th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. 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 The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the stock in a transaction on 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 of the company’s stock, valued at $5,756,572.08. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on THG. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Finally, Royal Bank Of Canada initiated coverage on shares of The Hanover Insurance Group in a research note on Monday, November 24th. They set a “sector perform” rating and a $200.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.40.

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.