The Hanover Insurance Group, Inc. $THG Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its stake in The Hanover Insurance Group by 364.9%, acquiring a total of 13,453 shares valued at approximately $2.34 million.
• The Hanover Insurance Group reported $4.35 earnings per share for the most recent quarter, surpassing estimates of $3.07, with a revenue of $1.58 billion.
• Analyst ratings for The Hanover Insurance Group indicate a consensus of "Moderate Buy", with an average price target of $185.13 per share.

AlphaQuest LLC increased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 364.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,453 shares of the insurance provider's stock after purchasing an additional 10,559 shares during the quarter. AlphaQuest LLC's holdings in The Hanover Insurance Group were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in The Hanover Insurance Group in the first quarter valued at $64,340,000. Fuller & Thaler Asset Management Inc. raised its holdings in The Hanover Insurance Group by 45.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider's stock valued at $157,905,000 after acquiring an additional 282,233 shares in the last quarter. AQR Capital Management LLC raised its holdings in 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 in the last quarter. Woodline Partners LP raised its holdings in The Hanover Insurance Group by 1,575.5% in the fourth quarter. Woodline Partners LP now owns 129,848 shares of the insurance provider's stock valued at $20,082,000 after acquiring an additional 122,098 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in The Hanover Insurance Group by 40.7% during the fourth quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock worth $59,338,000 after purchasing an additional 110,944 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on THG shares. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a report on Wednesday, July 9th. 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 increased their target price 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. Finally, Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.13.

The Hanover Insurance Group Price Performance

THG stock traded up $1.80 during trading on Wednesday, hitting $174.93. The company had a trading volume of 61,784 shares, compared to its average volume of 246,535. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 11.52 and a beta of 0.45. The business has a 50 day moving average of $167.94 and a 200 day moving average of $166.92. The Hanover Insurance Group, Inc. has a fifty-two week low of $137.03 and a fifty-two week high of $178.68. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping the consensus estimate of $3.07 by $1.28. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. As a group, research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

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

The Hanover Insurance Group Profile

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.