Aptus Capital Advisors LLC Buys 8,026 Shares of The Hanover Insurance Group, Inc. $THG

Key Points

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Aptus Capital Advisors LLC grew its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,832 shares of the insurance provider's stock after acquiring an additional 8,026 shares during the quarter. Aptus Capital Advisors LLC owned 0.20% of The Hanover Insurance Group worth $12,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in The Hanover Insurance Group in the 1st quarter worth about $64,340,000. AQR Capital Management LLC boosted its stake 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 worth $44,443,000 after buying an additional 123,793 shares during the last quarter. Woodline Partners LP boosted its stake 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 worth $20,082,000 after buying an additional 122,098 shares during the last quarter. Northern Trust Corp grew its holdings 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, Lighthouse Investment Partners LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $15,137,000. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Performance

Shares of THG stock traded up $1.3140 on Friday, hitting $175.4140. 156,106 shares of the stock were exchanged, compared to its average volume of 248,362. The firm's 50 day moving average is $167.64 and its two-hundred day moving average is $166.61. The Hanover Insurance Group, Inc. has a one year low of $135.49 and a one year high of $178.68. The firm has a market capitalization of $6.27 billion, a PE ratio of 11.55 and a beta of 0.45. 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 announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.07 by $1.28. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the previous year, the business posted $1.88 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm 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 (DPR) is 23.70%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upgraded 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. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Finally, JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $185.13.

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.