Hunter Perkins Capital Management LLC trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 15.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,215 shares of the insurance provider's stock after selling 1,715 shares during the period. Hunter Perkins Capital Management LLC's holdings in The Hanover Insurance Group were worth $1,565,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THG. Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Hanover Insurance Group by 31.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,351 shares of the insurance provider's stock valued at $1,292,000 after purchasing an additional 1,996 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of The Hanover Insurance Group during the 1st quarter worth about $102,000. Merit Financial Group LLC purchased a new stake in The Hanover Insurance Group in the 1st quarter valued at about $217,000. Vest Financial LLC acquired a new position in The Hanover Insurance Group in the first quarter valued at about $848,000. Finally, Sovereign Financial Group Inc. purchased a new position in The Hanover Insurance Group during the first quarter worth about $219,000. Institutional investors and hedge funds own 86.61% of the company's stock.
The Hanover Insurance Group Trading Up 1.0%
NYSE:THG opened at $184.03 on Monday. The Hanover Insurance Group, Inc. has a 12-month low of $142.48 and a 12-month high of $184.97. The firm has a market cap of $6.58 billion, a PE ratio of 12.12 and a beta of 0.44. 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 stock has a fifty day moving average price of $174.56 and a 200 day moving average price of $169.40.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly 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 company had revenue of $1.58 billion for 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.
The Hanover Insurance Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.90 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The Hanover Insurance Group's payout ratio is currently 23.70%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Keefe, Bruyette & Woods raised 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 report on Wednesday, July 9th. Citigroup restated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Morgan Stanley raised their price target 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. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of The Hanover Insurance Group in a report on Saturday, September 27th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $185.13.
Get Our Latest Research Report on The Hanover Insurance Group
The Hanover Insurance Group Company Profile
(
Free Report)
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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