AlphaQuest LLC Has $2.34 Million Position in The Hanover Insurance Group, Inc. $THG

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 raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 364.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,453 shares of the insurance provider's stock after acquiring an additional 10,559 shares during the period. AlphaQuest LLC's holdings in The Hanover Insurance Group were worth $2,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in THG. Vaughan Nelson Investment Management L.P. bought a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at $64,340,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of The Hanover Insurance Group by 45.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider's stock valued at $157,905,000 after buying an additional 282,233 shares during the period. AQR Capital Management LLC grew its holdings in shares of The Hanover Insurance Group by 75.7% in the 4th quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after buying an additional 123,793 shares during the period. Woodline Partners LP grew its holdings in shares of The Hanover Insurance Group by 1,575.5% in the 4th quarter. Woodline Partners LP now owns 129,848 shares of the insurance provider's stock valued at $20,082,000 after buying an additional 122,098 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of The Hanover Insurance Group by 40.7% in the 4th quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock valued at $59,338,000 after buying an additional 110,944 shares during the period. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 0.8%

THG traded up $1.3140 during trading on Friday, hitting $175.4140. The company had a trading volume of 156,106 shares, compared to its average volume of 256,084. The company has a market capitalization of $6.27 billion, a PE ratio of 11.55 and a beta of 0.45. The Hanover Insurance Group, Inc. has a one year low of $135.49 and a one year high of $178.68. The firm's 50-day moving average price is $167.76 and its 200 day moving average price is $166.82. The company has a quick ratio of 0.37, a current 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 EPS for the quarter, beating the consensus estimate of $3.07 by $1.28. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 EPS. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

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

Analyst Upgrades and Downgrades

THG has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. 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. JMP Securities set a $205.00 target price on The Hanover Insurance Group in a research note on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price for the company in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $185.13.

The Hanover Insurance Group Company 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.