4,580 Shares in The Hanover Insurance Group, Inc. $THG Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in The Hanover Insurance Group, purchasing 4,580 shares valued at approximately $797,000.
• Hedge funds and institutional investors own 86.61% of The Hanover Insurance Group's stock, indicating strong institutional interest in the company.
• The company announced a quarterly dividend of $0.90 per share, representing a yield of 2.0%, with an upcoming payment date on September 26th.

Dynamic Technology Lab Private Ltd bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,580 shares of the insurance provider's stock, valued at approximately $797,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in THG. Clearstead Trust LLC purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth about $27,000. True Wealth Design LLC boosted its holdings in shares of The Hanover Insurance Group by 81.7% in the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after purchasing an additional 138 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of The Hanover Insurance Group by 331.4% in the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after purchasing an additional 232 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth about $53,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of The Hanover Insurance Group by 819.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 386 shares of the insurance provider's stock worth $67,000 after purchasing an additional 344 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Down 0.9%

Shares of NYSE THG traded down $1.63 during midday trading on Friday, reaching $180.47. The company had a trading volume of 188,938 shares, compared to its average volume of 180,064. The Hanover Insurance Group, Inc. has a one year low of $142.48 and a one year high of $182.64. 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 firm's fifty day moving average price is $170.64 and its 200-day moving average price is $168.37. The stock has a market cap of $6.46 billion, a PE ratio of 11.88 and a beta of 0.46.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The Hanover Insurance Group'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 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The Hanover Insurance Group's dividend payout ratio is currently 23.70%.

Analyst Upgrades and Downgrades

THG has been the subject of a number of research reports. Morgan Stanley upped their price objective on 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 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target 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.