The Hanover Insurance Group, Inc. $THG Stock Position Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 72.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,795 shares of the insurance provider’s stock after purchasing an additional 2,436 shares during the quarter. Corient Private Wealth LLC’s holdings in The Hanover Insurance Group were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in THG. Norges Bank bought a new position in shares of The Hanover Insurance Group during the fourth quarter worth about $83,817,000. Alliancebernstein L.P. lifted its holdings in shares of The Hanover Insurance Group by 36.1% in the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock valued at $217,505,000 after buying an additional 339,896 shares during the period. AQR Capital Management LLC grew its stake in shares of The Hanover Insurance Group by 37.8% in the 3rd quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider’s stock worth $137,967,000 after purchasing an additional 209,616 shares during the last quarter. Invesco Ltd. grew its position in The Hanover Insurance Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 646,910 shares of the insurance provider’s stock worth $118,236,000 after buying an additional 197,930 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of The Hanover Insurance Group by 206.0% during the third quarter. Balyasny Asset Management L.P. now owns 292,121 shares of the insurance provider’s stock worth $53,058,000 after purchasing an additional 196,655 shares during the period. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Dennis Francis Kerrigan sold 6,262 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $192.99, for a total transaction of $1,208,503.38. Following the completion of the sale, the executive vice president directly owned 11,988 shares of the company’s stock, valued at approximately $2,313,564.12. This trade represents a 34.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cynthia Egan sold 3,400 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $188.50, for a total transaction of $640,900.00. Following the completion of the sale, the director directly owned 9,359 shares of the company’s stock, valued at $1,764,171.50. This represents a 26.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,508 shares of company stock worth $5,704,651 in the last three months. 2.80% of the stock is owned by insiders.

The Hanover Insurance Group Price Performance

THG stock opened at $221.14 on Friday. The stock has a 50-day moving average price of $194.30 and a two-hundred day moving average price of $182.53. The Hanover Insurance Group, Inc. has a 1 year low of $160.97 and a 1 year high of $221.70. The stock has a market cap of $7.74 billion, a PE ratio of 11.13 and a beta of 0.28. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company posted $3.87 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 18.36 EPS for the current fiscal year.

The Hanover Insurance Group announced that its board has authorized a share repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, June 12th. This represents a $3.80 dividend on an annualized basis and a yield of 1.7%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 19.12%.

Analyst Upgrades and Downgrades

THG has been the subject of several recent analyst reports. Morgan Stanley set a $195.00 target price on The Hanover Insurance Group in a research report on Friday, May 1st. Royal Bank Of Canada increased their price target on The Hanover Insurance Group from $190.00 to $195.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Oppenheimer increased their target price on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $208.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets lowered The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $194.00 to $203.00 in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.00.

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.