The Hanover Insurance Group, Inc. $THG Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 563.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,296 shares of the insurance provider’s stock after buying an additional 11,291 shares during the quarter. AlphaQuest LLC’s holdings in The Hanover Insurance Group were worth $2,415,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in THG. Steward Partners Investment Advisory LLC grew its stake in shares of The Hanover Insurance Group by 56.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 81 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in The Hanover Insurance Group in the second quarter worth about $39,000. Quent Capital LLC bought a new position in The Hanover Insurance Group in the 3rd quarter valued at about $69,000. Allworth Financial LP increased its stake in The Hanover Insurance Group by 22.8% during the 2nd quarter. Allworth Financial LP now owns 705 shares of the insurance provider’s stock valued at $120,000 after buying an additional 131 shares during the period. Finally, GAMMA Investing LLC increased its stake in The Hanover Insurance Group by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 671 shares of the insurance provider’s stock valued at $122,000 after buying an additional 136 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Denise Lowsley sold 1,619 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total transaction of $293,799.93. Following the sale, the executive vice president directly owned 3,511 shares of the company’s stock, valued at $637,141.17. The trade was a 31.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on THG. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada began coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price for the company. Morgan Stanley lifted their price target 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

The Hanover Insurance Group Trading Up 0.3%

NYSE:THG opened at $174.35 on Friday. The stock has a fifty day simple moving average of $179.14 and a 200 day simple moving average of $176.09. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 10.08 and a beta of 0.33. The Hanover Insurance Group, Inc. has a 1-year low of $147.76 and a 1-year high of $188.18. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.30. The Hanover Insurance Group had a return on equity of 21.73% and a net margin of 9.71%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company earned $3.05 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 12th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The Hanover Insurance Group’s dividend payout ratio is presently 21.98%.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.