The Hanover Insurance Group, Inc. $THG Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its holdings in The Hanover Insurance Group by 57.5%, owning 21,332 shares worth approximately $3.71 million as of the latest quarter.
• The Hanover Insurance Group reported an earnings per share (EPS) of $4.35 for the last quarter, surpassing the consensus estimate of $3.07, and showcased a revenue of $1.58 billion.
• Analysts have given The Hanover Insurance Group a consensus rating of "Moderate Buy" with an average price target of $185.13, following several price target increases from major firms.

Hsbc Holdings PLC grew its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 57.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,332 shares of the insurance provider's stock after acquiring an additional 7,790 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of The Hanover Insurance Group worth $3,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THG. Vaughan Nelson Investment Management L.P. acquired a new stake in The Hanover Insurance Group during the first quarter worth about $64,340,000. Fuller & Thaler Asset Management Inc. increased its stake in The Hanover Insurance Group by 45.1% during 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. AQR Capital Management LLC increased its stake in The Hanover Insurance Group by 75.7% during the fourth quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock worth $44,443,000 after acquiring an additional 123,793 shares during the last quarter. Woodline Partners LP increased its stake in The Hanover Insurance Group by 1,575.5% during 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. Finally, Northern Trust Corp lifted its stake in shares of 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 in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have 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 objective on the stock in a research note on Wednesday, July 9th. Citigroup restated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, 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 note on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $185.13.

The Hanover Insurance Group Stock Up 0.0%

Shares of The Hanover Insurance Group stock traded up $0.05 during trading on Monday, reaching $173.47. The company had a trading volume of 183,120 shares, compared to its average volume of 192,409. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 11.42 and a beta of 0.46. The firm's fifty day moving average is $168.40 and its 200-day moving average is $167.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results 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 business had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

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.