Graham Capital Management L.P. Makes New Investment in The Hanover Insurance Group, Inc. $THG

Key Points

• Graham Capital Management L.P. acquired a new stake of 17,555 shares in The Hanover Insurance Group, valued at approximately $3,054,000, during the first quarter.
• Institutional investors and hedge funds now own 86.61% of The Hanover Insurance Group's stock, indicating strong institutional interest in the company.
• Analysts have raised their price targets for the stock, with Morgan Stanley setting a new target of $185.00, reflecting a positive outlook for The Hanover Insurance Group.

Graham Capital Management L.P. purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,555 shares of the insurance provider's stock, valued at approximately $3,054,000.

A number of other institutional investors also recently modified their holdings of THG. Vaughan Nelson Investment Management L.P. acquired a new stake in The Hanover Insurance Group in the first quarter valued at about $64,340,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 worth $157,905,000 after acquiring an additional 282,233 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of 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 worth $20,082,000 after acquiring an additional 122,098 shares during the last quarter. Northern Trust Corp boosted its stake 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 purchasing an additional 110,944 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at approximately $15,137,000. Institutional investors and hedge funds own 86.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on THG shares. Morgan Stanley upped their price objective on shares of 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. 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 research note on Wednesday, July 9th. Citigroup reiterated an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Finally, JMP Securities set a $205.00 price objective on 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.13.

The Hanover Insurance Group Trading Up 0.0%

THG opened at $173.47 on Monday. 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, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $178.68. The company's 50 day moving average price is $168.34 and its two-hundred day moving average price is $167.21. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 11.42 and a beta of 0.46.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, topping 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. The Hanover Insurance Group's revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

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.

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