MQS Management LLC Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

MQS Management LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,682 shares of the insurance provider’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in The Hanover Insurance Group by 55.6% during the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 84 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after buying an additional 97 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of The Hanover Insurance Group by 1.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock worth $976,000 after buying an additional 109 shares during the period. Retirement Systems of Alabama boosted its position in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider’s stock worth $5,438,000 after buying an additional 147 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of The Hanover Insurance Group by 9.5% during the fourth quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock worth $210,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

THG has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Piper Sandler restated an “overweight” rating and set a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Finally, Oppenheimer lifted their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Insiders Place Their Bets

In other news, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now owns 4,398 shares in the company, valued at $597,864.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $132.25, for a total value of $147,987.75. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

The Hanover Insurance Group Stock Down 0.2 %

NYSE:THG traded down $0.25 during midday trading on Thursday, reaching $130.90. The company had a trading volume of 269,451 shares, compared to its average volume of 172,915. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 29.74 and a beta of 0.68. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $128.11 and its 200-day simple moving average is $129.90. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.47. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.74 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

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.