LSV Asset Management Has $255,000 Stock Position in The Hanover Insurance Group, Inc. $THG

LSV Asset Management cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 38.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,500 shares of the insurance provider’s stock after selling 954 shares during the period. LSV Asset Management’s holdings in The Hanover Insurance Group were worth $255,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of THG. Intrust Bank NA grew its position in The Hanover Insurance Group by 4.6% in the second quarter. Intrust Bank NA now owns 5,113 shares of the insurance provider’s stock valued at $869,000 after acquiring an additional 227 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at about $2,303,000. Ontario Teachers Pension Plan Board grew its holdings in The Hanover Insurance Group by 59.2% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 3,509 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 1,305 shares during the period. Intech Investment Management LLC acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth $1,729,000. Finally, Creative Planning increased its holdings in The Hanover Insurance Group by 16.0% in the second quarter. Creative Planning now owns 18,575 shares of the insurance provider’s stock valued at $3,155,000 after purchasing an additional 2,562 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $183.43 on Friday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 10.61 and a beta of 0.44. 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, Inc. has a fifty-two week low of $145.17 and a fifty-two week high of $186.46. The firm’s 50-day simple moving average is $177.04 and its 200 day simple moving average is $172.40.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, beating the consensus estimate of $3.79 by $1.30. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $3.05 EPS. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is presently 20.82%.

Insider Activity

In related news, EVP Denise Lowsley sold 1,619 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total transaction of $293,799.93. Following the sale, the executive vice president owned 3,511 shares of the company’s stock, valued at approximately $637,141.17. This represents a 31.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on THG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley upped 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 report on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.