2,501 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 2,501 shares of the insurance provider's stock, valued at approximately $435,000.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in The Hanover Insurance Group by 81.7% during the fourth 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. Versant Capital Management Inc lifted its holdings in The Hanover Insurance Group by 331.4% during the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after buying an additional 232 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of The Hanover Insurance Group in the first quarter worth $53,000. GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 47.2% during 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 during the period. Finally, NBC Securities Inc. acquired a new stake in shares of The Hanover Insurance Group in the first quarter valued at $102,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

NYSE:THG traded down $4.25 during trading hours on Thursday, hitting $169.31. The company's stock had a trading volume of 64,887 shares, compared to its average volume of 251,448. The company has a market capitalization of $6.06 billion, a PE ratio of 11.15 and a beta of 0.45. The Hanover Insurance Group, Inc. has a 52-week low of $130.69 and a 52-week high of $178.68. The business's 50-day moving average is $168.25 and its two-hundred day moving average is $165.43. 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 (NYSE:THG - Get Free Report) last announced 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 business 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 company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 EPS. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.90 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Morgan Stanley raised their target price 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. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target for the company in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.13.

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.