Inspire Investing LLC bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG)


Inspire Investing LLC bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating ) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,566 shares of the insurance provider’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently bought and sold shares of THG. Morgan Stanley boosted its holdings in The Hanover Insurance Group by 8.2% during the third quarter. Morgan Stanley now owns 77,604 shares of the insurance provider’s stock valued at $10,060,000 after acquiring an additional 5,870 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in The Hanover Insurance Group by 141.2% in the 4th quarter. Retirement Systems of Alabama now owns 111,492 shares of the insurance provider’s stock valued at $14,612,000 after acquiring an additional 65,262 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in The Hanover Insurance Group by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 101,396 shares of the insurance provider’s stock valued at $13,286,000 after acquiring an additional 22,720 shares during the last quarter. PrairieView Partners LLC boosted its holdings in The Hanover Insurance Group by 3,720.0% in the 4th quarter. PrairieView Partners LLC now owns 382 shares of the insurance provider’s stock valued at $50,000 after acquiring an additional 372 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in The Hanover Insurance Group by 2.8% in the 4th quarter. New York State Teachers Retirement System now owns 52,941 shares of the insurance provider’s stock valued at $6,938,000 after acquiring an additional 1,433 shares in the last quarter. 84.72% of the shares are owned by hedge funds and other institutional investors.

Several research firms have commented on THG. StockNews.com raised Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, June 9th. Morgan Stanley initiated coverage on The Hanover Insurance Group in a report on Wednesday, June 29th. They issued an “equal weight” rating and a $155.00 target price for the company.

In related news, CEO John C. Roche sold 922 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $155.24, for a total transaction of $143,131.28. Following the sale, the chief executive officer now directly owns 74,843 shares in the company, valued at approximately $11,618,627.32. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. 2.50% of shares are owned by corporate insiders.

Shares of THG stock opened at $145.87 on Monday. Hanover Insurance Group, Inc. has a 1-year low of $121.69 and a 1-year high of $155.55. The company has a current ratio of 0.40, a quick ratio of 0.40, and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $144.79 and a 200-day simple moving average of $142.87. The stock has a market cap of $5.19 billion, a PE ratio of 14.11, a PEG ratio of 0.86 and a beta of 0.79.

Hanover Insurance Group (NYSE:THG – Get Rating) last posted its earnings results on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.26. Hanover Insurance Group had a return on equity of 12.25% and a net margin of 8.16%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm reported $1.66 EPS. Hanover Insurance Group’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 10.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a dividend of $3.00 on an annualized basis and a yield of 2.06%. Hanover Insurance Group’s dividend payout ratio (DPR) is currently 25.23%.

Hanover Insurance Group Company Profile (Get Rating)

Hanover Insurance Group, Inc, through its subsidiaries, provides a variety of property and casualty insurance products and services in the United States. The company operates in three segments: commercial lines, personal lines and others. The Commercial Lines segment offers commercial multi-peril, commercial auto and workers’ compensation insurance products, as well as management and professional liability, marine, special industrial and commercial property, monoline general liability, surety, umbrella, loyalty, crime and other commercial coverages.

More information

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)



Get Hanover Insurance Group news and ratings every day – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Hanover Insurance Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.