3,063 Shares in The Hanover Insurance Group, Inc. $THG Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,063 shares of the insurance provider’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of THG. Exchange Traded Concepts LLC lifted its position in shares of The Hanover Insurance Group by 22.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,551 shares of the insurance provider’s stock worth $1,015,000 after acquiring an additional 1,007 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of The Hanover Insurance Group by 12.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,297 shares of the insurance provider’s stock valued at $420,000 after purchasing an additional 259 shares in the last quarter. Trust Point Inc. raised its stake in shares of The Hanover Insurance Group by 13.1% during the 4th quarter. Trust Point Inc. now owns 2,868 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 332 shares during the period. CoreCap Advisors LLC raised its stake in shares of The Hanover Insurance Group by 14.3% during the 4th quarter. CoreCap Advisors LLC now owns 26,037 shares of the insurance provider’s stock valued at $4,759,000 after purchasing an additional 3,256 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth about $497,000. Institutional investors own 86.61% of the company’s stock.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the completion of the sale, the executive vice president directly owned 32,174 shares in the company, valued at $5,756,572.08. The trade was a 43.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the completion of the transaction, the director directly owned 2,423 shares of the company’s stock, valued at approximately $438,344.93. This represents a 33.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.50.

The Hanover Insurance Group Trading Up 0.4%

Shares of THG stock opened at $173.30 on Wednesday. The company has a market capitalization of $6.10 billion, a PE ratio of 9.54 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 52-week low of $147.76 and a 52-week high of $188.18. The business’s fifty day moving average is $173.87 and its 200 day moving average is $176.96. 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 Hanover Insurance Group (NYSE:THG) last posted its earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The business had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

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

About The Hanover Insurance Group

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.