Sequoia Financial Advisors LLC Takes Position in The Hanover Insurance Group, Inc. $THG

Sequoia Financial Advisors LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,495 shares of the insurance provider's stock, valued at approximately $254,000.

Other large investors also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in The Hanover Insurance Group during the 1st quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth about $39,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $67,000 after acquiring an additional 344 shares in the last quarter. UMB Bank n.a. raised its position in shares of The Hanover Insurance Group by 20.3% during the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider's stock worth $79,000 after acquiring an additional 79 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of The Hanover Insurance Group by 47.2% during the 1st 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. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Trading Up 0.1%

Shares of THG opened at $175.38 on Thursday. The stock's 50-day moving average is $176.41 and its two-hundred day moving average is $169.86. The stock has a market cap of $6.27 billion, a PE ratio of 11.55 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 12 month low of $145.17 and a 12 month high of $186.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, topping the consensus estimate of $3.07 by $1.28. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The company's revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast 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 firm 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. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group's dividend payout ratio is 23.70%.

Analysts Set New Price Targets

THG has been the topic of a number of research reports. JMP Securities set a $205.00 price target on The Hanover Insurance Group in a research note on Thursday, July 31st. Morgan Stanley lifted their target price on The Hanover Insurance Group from $185.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price objective for the company in a report on Wednesday, July 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and three 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 target price of $188.00.

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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