OMERS ADMINISTRATION Corp Has $1.43 Million Position in The Hanover Insurance Group, Inc. $THG

Key Points

• OMERS ADMINISTRATION Corp increased its position in The Hanover Insurance Group by 192.9%, holding 8,200 shares valued at approximately $1.43 million.
• The Hanover Insurance Group recently reported earnings of $4.35 EPS, significantly surpassing the consensus estimate of $3.07, with revenue of $1.58 billion.
• The stock has a consensus rating of "Moderate Buy" from analysts, with an average price target of $185.13.

OMERS ADMINISTRATION Corp grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 192.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the insurance provider's stock after acquiring an additional 5,400 shares during the period. OMERS ADMINISTRATION Corp's holdings in The Hanover Insurance Group were worth $1,426,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in The Hanover Insurance Group during the 1st quarter worth about $27,000. Versant Capital Management Inc raised 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 during the period. Harbor Capital Advisors Inc. bought a new stake in shares of The Hanover Insurance Group in the 1st quarter worth approximately $53,000. True Wealth Design LLC raised 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 during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in The Hanover Insurance Group by 819.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 386 shares of the insurance provider's stock valued at $67,000 after acquiring an additional 344 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on THG. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Keefe, Bruyette & Woods upgraded shares of 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 report on Wednesday, July 9th. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Morgan Stanley boosted their price target on shares of 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $185.13.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $173.47 on Monday. 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 company has a market capitalization of $6.21 billion, a PE ratio of 11.42 and a beta of 0.46. The firm has a fifty day simple moving average of $168.34 and a two-hundred day simple moving average of $167.21. The Hanover Insurance Group, Inc. has a twelve month low of $139.37 and a twelve month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. Research analysts expect 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.

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