Informed Momentum Co LLC Purchases Shares of 23,711 The Hanover Insurance Group, Inc. (NYSE:THG)

Key Points

• Informed Momentum Co LLC invested approximately $4.13 million in The Hanover Insurance Group, acquiring 23,711 shares in the first quarter.
• The Hanover Insurance Group saw its stock receive several upgrades, with analysts issuing a consensus rating of "Moderate Buy" and an average price target of $185.13.
• The company reported a net margin of 8.67% and earnings per share of $4.35, exceeding analysts’ estimates while achieving a quarterly revenue of $1.58 billion.

Informed Momentum Co LLC purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,711 shares of the insurance provider's stock, valued at approximately $4,125,000. Informed Momentum Co LLC owned approximately 0.07% of The Hanover Insurance Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $27,000. True Wealth Design LLC grew its stake 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 during the last quarter. Versant Capital Management Inc increased its position in shares of The Hanover Insurance Group by 331.4% in the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after acquiring 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 first quarter worth approximately $53,000. Finally, GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 47.2% in the first quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider's stock worth $87,000 after acquiring an additional 160 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on THG. 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 report on Wednesday, July 9th. Morgan Stanley lifted their target price 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. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $185.13.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock traded up $2.36 on Wednesday, reaching $172.01. The stock had a trading volume of 207,330 shares, compared to its average volume of 276,899. The business's 50-day moving average price is $167.69 and its two-hundred day moving average price is $165.94. 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 $132.49 and a fifty-two week high of $178.68. The stock has a market cap of $6.15 billion, a P/E ratio of 11.32 and a beta of 0.45.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, beating the consensus estimate of $3.07 by $1.28. The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. On average, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 23.70%.

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.