Signaturefd LLC Has $148,000 Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Signaturefd LLC increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,216 shares of the insurance provider’s stock after purchasing an additional 154 shares during the period. Signaturefd LLC’s holdings in The Hanover Insurance Group were worth $148,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in THG. UMB Bank n.a. raised its position in The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Baystate Wealth Management LLC raised its position in The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 352 shares in the last quarter. Assetmark Inc. raised its position in The Hanover Insurance Group by 13.8% in the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 113 shares in the last quarter. SG Americas Securities LLC acquired a new position in The Hanover Insurance Group in the fourth quarter worth about $197,000. Finally, Ballentine Partners LLC acquired a new position in The Hanover Insurance Group in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at $473,677.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on THG shares. JMP Securities reissued a “market outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Friday, April 5th. TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.83.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $129.59 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $4.66 billion, a P/E ratio of 137.86 and a beta of 0.67. The firm has a 50 day simple moving average of $131.08 and a 200 day simple moving average of $126.02. The Hanover Insurance Group, Inc. has a fifty-two week low of $103.82 and a fifty-two 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. Sell-side analysts predict that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.71%.

The Hanover Insurance Group 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.