The Hanover Insurance Group, Inc. $THG Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.9% in the third quarter, HoldingsChannel reports. The fund owned 77,805 shares of the insurance provider’s stock after purchasing an additional 5,669 shares during the quarter. Martingale Asset Management L P’s holdings in The Hanover Insurance Group were worth $14,132,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in THG. Invesco Ltd. grew its holdings in shares of The Hanover Insurance Group by 58.4% in the 3rd quarter. Invesco Ltd. now owns 448,980 shares of the insurance provider’s stock worth $81,548,000 after purchasing an additional 165,496 shares during the last quarter. UBS Group AG lifted its stake in shares of The Hanover Insurance Group by 25.4% in the 3rd quarter. UBS Group AG now owns 94,080 shares of the insurance provider’s stock valued at $17,088,000 after purchasing an additional 19,084 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of The Hanover Insurance Group by 5.9% in the third quarter. Mackenzie Financial Corp now owns 6,774 shares of the insurance provider’s stock valued at $1,230,000 after buying an additional 377 shares during the period. Quadrant Capital Group LLC grew its stake in shares of The Hanover Insurance Group by 10.4% during the third quarter. Quadrant Capital Group LLC now owns 6,533 shares of the insurance provider’s stock valued at $1,187,000 after buying an additional 613 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of The Hanover Insurance Group by 1.2% during the 3rd quarter. Swiss National Bank now owns 69,600 shares of the insurance provider’s stock worth $12,641,000 after purchasing an additional 800 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on THG. Wall Street Zen cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada started coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They set a “sector perform” rating and a $200.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.60.

The Hanover Insurance Group Trading Up 0.5%

The Hanover Insurance Group stock opened at $174.06 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 9.58 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 1 year low of $147.76 and a 1 year high of $188.18. The firm’s 50 day moving average price is $174.35 and its two-hundred day moving average price is $177.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.44 and a current ratio of 0.44.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The firm had revenue of $1.67 billion during the quarter. On average, 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio is currently 20.91%.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director directly owned 2,423 shares in the company, valued at $438,344.93. This represents a 33.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard W. Lavey sold 24,420 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the sale, the executive vice president owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. The trade was a 43.15% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.50% of the company’s stock.

About The Hanover Insurance Group

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.