Trillium Asset Management LLC grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,384 shares of the insurance provider’s stock after acquiring an additional 693 shares during the quarter. Trillium Asset Management LLC owned about 0.11% of The Hanover Insurance Group worth $4,338,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in THG. Ameritas Advisory Services LLC purchased a new position in The Hanover Insurance Group in the 1st quarter valued at about $27,000. Advisors Asset Management Inc. lifted its stake in shares of The Hanover Insurance Group by 129.8% during the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after buying an additional 122 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in The Hanover Insurance Group during the first quarter worth approximately $58,000. Allworth Financial LP grew its stake in The Hanover Insurance Group by 4,208.3% in the 2nd quarter. Allworth Financial LP now owns 517 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 505 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in The Hanover Insurance Group in the 1st quarter valued at $73,000. Institutional investors and hedge funds own 84.89% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on The Hanover Insurance Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. BMO Capital Markets raised shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $126.00 in a research note on Thursday, August 31st. Oppenheimer started coverage on shares of The Hanover Insurance Group in a research report on Thursday. They issued an “outperform” rating and a $135.00 target price on the stock. JMP Securities dropped their price target on shares of The Hanover Insurance Group from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, October 13th. Finally, Piper Sandler increased their price target on shares of The Hanover Insurance Group from $138.00 to $143.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $136.29.
The Hanover Insurance Group Trading Up 1.8 %
THG traded up $2.05 on Thursday, reaching $118.16. 13,558 shares of the company’s stock were exchanged, compared to its average volume of 183,417. The company has a market cap of $4.23 billion, a price-to-earnings ratio of -48.99, a PEG ratio of 3.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group, Inc. has a twelve month low of $103.82 and a twelve month high of $148.78. The company’s 50 day moving average is $113.46 and its 200-day moving average is $112.96.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.58 billion. The Hanover Insurance Group had a negative net margin of 1.42% and a negative return on equity of 4.16%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Equities analysts predict that The Hanover Insurance Group, Inc. will post 0.96 earnings per share for the current year.
The Hanover Insurance Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently -136.71%.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.
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