Cwm LLC Boosts Holdings in The Hanover Insurance Group, Inc. $THG

Cwm LLC boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 9.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,504 shares of the insurance provider’s stock after buying an additional 1,145 shares during the period. Cwm LLC’s holdings in The Hanover Insurance Group were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THG. GAMMA Investing LLC grew its position in The Hanover Insurance Group by 47.2% in the 1st quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock valued at $87,000 after buying an additional 160 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in The Hanover Insurance Group by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,693 shares of the insurance provider’s stock valued at $1,512,000 after buying an additional 342 shares during the last quarter. State of Alaska Department of Revenue grew its position in The Hanover Insurance Group by 0.7% in the 1st quarter. State of Alaska Department of Revenue now owns 15,612 shares of the insurance provider’s stock valued at $2,715,000 after buying an additional 110 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in The Hanover Insurance Group in the 1st quarter valued at $209,000. Finally, Blue Trust Inc. grew its position in The Hanover Insurance Group by 55.2% in the 1st quarter. Blue Trust Inc. now owns 1,322 shares of the insurance provider’s stock valued at $230,000 after buying an additional 470 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $171.01 on Friday. The Hanover Insurance Group, Inc. has a 52 week low of $145.17 and a 52 week high of $186.46. 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 firm’s 50-day simple moving average is $176.18 and its 200 day simple moving average is $169.71. The firm has a market capitalization of $6.12 billion, a PE ratio of 11.26 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data 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 net margin of 8.67% and a return on equity of 20.24%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.90 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The Hanover Insurance Group’s payout ratio is currently 23.70%.

Analyst Upgrades and Downgrades

THG has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. 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 on the stock in a research report on Wednesday, July 9th. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.00.

About The Hanover Insurance Group

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.