Brown Advisory Inc. lowered its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 281,127 shares of the insurance provider's stock after selling 9,953 shares during the period. Brown Advisory Inc. owned 0.78% of The Hanover Insurance Group worth $43,479,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of THG. Aptus Capital Advisors LLC lifted its holdings in The Hanover Insurance Group by 22.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 62,806 shares of the insurance provider's stock worth $9,714,000 after purchasing an additional 11,422 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of The Hanover Insurance Group by 114.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,498 shares of the insurance provider's stock worth $696,000 after buying an additional 2,405 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 75.7% in the fourth quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after acquiring an additional 123,793 shares during the period. Northern Trust Corp grew its stake in shares of The Hanover Insurance Group by 40.7% in the fourth quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock valued at $59,338,000 after acquiring an additional 110,944 shares in the last quarter. Finally, Quarry LP increased its position in The Hanover Insurance Group by 209.6% during the fourth quarter. Quarry LP now owns 870 shares of the insurance provider's stock worth $135,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on THG shares. Morgan Stanley raised their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. JMP Securities boosted their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $179.50.
Check Out Our Latest Analysis on THG
The Hanover Insurance Group Stock Performance
Shares of THG traded down $0.84 during trading hours on Thursday, hitting $166.15. The company's stock had a trading volume of 281,243 shares, compared to its average volume of 206,532. The business has a 50 day simple moving average of $165.41 and a two-hundred day simple moving average of $160.15. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 14.21 and a beta of 0.44.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $3.08 EPS. The Hanover Insurance Group's revenue was up 3.4% compared to the same quarter last year. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.17%. The Hanover Insurance Group's dividend payout ratio is presently 29.98%.
Insider Transactions at The Hanover Insurance Group
In other news, CEO John C. Roche sold 200 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan J. Salvatore sold 10,526 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the transaction, the executive vice president now owns 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,027 shares of company stock valued at $1,841,309 in the last quarter. Insiders own 2.50% of the company's stock.
About The Hanover Insurance Group
(
Free Report)
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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