Louisiana State Employees Retirement System Makes New $1.21 Million Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Louisiana State Employees Retirement System bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the insurance provider’s stock, valued at approximately $1,214,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Comerica Bank raised its stake in shares of The Hanover Insurance Group by 321.8% in the third quarter. Comerica Bank now owns 51,519 shares of the insurance provider’s stock worth $5,718,000 after purchasing an additional 39,306 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of The Hanover Insurance Group by 28.8% in the third quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider’s stock worth $3,290,000 after purchasing an additional 6,579 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of The Hanover Insurance Group by 547.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider’s stock worth $1,498,000 after purchasing an additional 11,416 shares during the last quarter. Markel Group Inc. raised its stake in shares of The Hanover Insurance Group by 19.6% in the third quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider’s stock worth $20,975,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter worth $455,000. 86.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on THG. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Piper Sandler reiterated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, TheStreet upgraded The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.83.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $133.32 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $131.37 and a two-hundred day simple moving average of $125.43. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 141.83 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 52 week low of $103.82 and a 52 week high of $138.00.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. On average, analysts expect that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s payout ratio is 361.71%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the completion of the sale, the senior vice president now owns 3,612 shares in the company, valued at $473,677.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

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.