Fox Run Management L.L.C. Purchases Shares of 5,217 The Hanover Insurance Group, Inc. $THG

Key Points

• Fox Run Management L.L.C. purchased 5,217 shares of The Hanover Insurance Group, valued at approximately $907,000, as indicated in a recent SEC filing.
• The Hanover Insurance Group reported a quarterly earnings per share (EPS) of $4.35, surpassing analysts' expectations of $3.07.
• Institutional investors collectively hold 86.61% of The Hanover Insurance Group's stock, reflecting strong confidence in the company's financial performance.

Fox Run Management L.L.C. purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,217 shares of the insurance provider's stock, valued at approximately $907,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of The Hanover Insurance Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider's stock worth $632,338,000 after buying an additional 21,221 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of The Hanover Insurance Group by 4.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock valued at $168,237,000 after purchasing an additional 43,918 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 625,527 shares of the insurance provider's stock valued at $96,744,000 after purchasing an additional 4,168 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of The Hanover Insurance Group by 5.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 389,634 shares of the insurance provider's stock valued at $67,777,000 after purchasing an additional 21,588 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of The Hanover Insurance Group by 40.7% during the 4th quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock valued at $59,338,000 after purchasing an additional 110,944 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Wall Street Analyst Weigh In

THG has been the topic of several recent research reports. Citigroup reaffirmed an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a report on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.13.

The Hanover Insurance Group Stock Up 1.5%

NYSE THG traded up $2.5010 during trading hours on Tuesday, reaching $172.2310. 162,763 shares of the company's stock traded hands, compared to its average volume of 250,220. The Hanover Insurance Group, Inc. has a 52-week low of $132.93 and a 52-week high of $178.68. The firm has a market cap of $6.16 billion, a PE ratio of 11.34 and a beta of 0.45. The firm has a 50-day simple moving average of $167.49 and a 200 day simple moving average of $166.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, beating analysts' consensus estimates of $3.07 by $1.28. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.90 dividend. The ex-dividend date was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. The Hanover Insurance Group's payout ratio is currently 23.70%.

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.