Precision Wealth Strategies LLC Sells 1,682 Shares of The Hanover Insurance Group, Inc. $THG

Key Points

• Precision Wealth Strategies LLC reduced its stake in The Hanover Insurance Group by 41.7% during the second quarter, now holding 2,354 shares valued at approximately $400,000.
• Analysts are generally optimistic, with six rating the stock as a Buy and a consensus price target of $185.13, following earnings that exceeded expectations.
• The Hanover Insurance Group announced a quarterly dividend of $0.90, reflecting a 2.0% dividend yield and a payout ratio of 23.70%.

Precision Wealth Strategies LLC lowered its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,354 shares of the insurance provider's stock after selling 1,682 shares during the quarter. Precision Wealth Strategies LLC's holdings in The Hanover Insurance Group were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THG. Clearstead Trust LLC bought a new stake in The Hanover Insurance Group during the first quarter worth about $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of The Hanover Insurance Group during the first quarter valued at approximately $53,000. Versant Capital Management Inc boosted its position 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of The Hanover Insurance Group by 819.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 386 shares of the insurance provider's stock worth $67,000 after purchasing an additional 344 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of The Hanover Insurance Group by 20.3% in the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider's stock worth $79,000 after buying an additional 79 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on THG. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Morgan Stanley upped 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. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Finally, 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 for the company in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.13.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $181.60 on Thursday. The Hanover Insurance Group, Inc. has a fifty-two week low of $142.48 and a fifty-two week high of $183.39. The business has a 50-day simple moving average of $173.83 and a two-hundred day simple moving average of $169.25. 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 firm has a market cap of $6.50 billion, a price-to-earnings ratio of 11.95 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced 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 Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the firm posted $1.88 EPS. The business's quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The Hanover Insurance Group's payout ratio is presently 23.70%.

The Hanover Insurance Group 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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