CoreCap Advisors LLC Acquires 3,256 Shares of The Hanover Insurance Group, Inc. $THG

CoreCap Advisors LLC raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 14.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,037 shares of the insurance provider’s stock after acquiring an additional 3,256 shares during the quarter. CoreCap Advisors LLC’s holdings in The Hanover Insurance Group were worth $4,759,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in The Hanover Insurance Group by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider’s stock worth $2,183,000 after buying an additional 66 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of The Hanover Insurance Group by 5.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,294 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 68 shares during the last quarter. AMG National Trust Bank increased its position in shares of The Hanover Insurance Group by 0.7% during the 3rd quarter. AMG National Trust Bank now owns 10,832 shares of the insurance provider’s stock valued at $1,967,000 after purchasing an additional 73 shares during the last quarter. Buckhead Capital Management LLC raised its holdings in shares of The Hanover Insurance Group by 2.2% during the 3rd quarter. Buckhead Capital Management LLC now owns 3,435 shares of the insurance provider’s stock valued at $624,000 after buying an additional 75 shares in the last quarter. Finally, Somerset Trust Co lifted its position in The Hanover Insurance Group by 5.8% in the 4th quarter. Somerset Trust Co now owns 1,361 shares of the insurance provider’s stock worth $249,000 after buying an additional 75 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.60.

The Hanover Insurance Group Price Performance

THG stock opened at $169.15 on Friday. 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 firm has a 50 day moving average price of $173.77 and a 200-day moving average price of $177.10. The Hanover Insurance Group, Inc. has a 52-week low of $147.76 and a 52-week high of $188.18. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 9.31 and a beta of 0.31.

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 company had revenue of $1.67 billion during the quarter. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. The Hanover Insurance Group’s dividend payout ratio is 20.91%.

Insider Activity

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of the firm’s 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 completion of the sale, the director directly owned 2,423 shares in the company, valued at approximately $438,344.93. This trade represents a 33.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard W. Lavey sold 24,420 shares of The Hanover Insurance Group stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the completion of the transaction, the executive vice president directly owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Profile

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.