Ziegler Capital Management LLC purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,940 shares of the insurance provider’s stock, valued at approximately $938,000.
A number of other institutional investors have also bought and sold shares of THG. Channing Capital Management LLC increased its stake in The Hanover Insurance Group by 263.4% in the 3rd quarter. Channing Capital Management LLC now owns 358,902 shares of the insurance provider’s stock worth $45,990,000 after buying an additional 260,147 shares in the last quarter. Victory Capital Management Inc. increased its stake in The Hanover Insurance Group by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 921,752 shares of the insurance provider’s stock worth $118,113,000 after buying an additional 192,809 shares in the last quarter. London Co. of Virginia increased its stake in The Hanover Insurance Group by 43.8% in the 3rd quarter. London Co. of Virginia now owns 452,387 shares of the insurance provider’s stock worth $57,969,000 after buying an additional 137,744 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in The Hanover Insurance Group by 15.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 945,898 shares of the insurance provider’s stock worth $127,819,000 after buying an additional 126,287 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in The Hanover Insurance Group by 9.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,029,102 shares of the insurance provider’s stock worth $131,869,000 after buying an additional 91,418 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on THG shares. StockNews.com started coverage on shares of The Hanover Insurance Group in a report on Thursday, March 16th. They set a “hold” rating for the company. BMO Capital Markets started coverage on shares of The Hanover Insurance Group in a report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $170.00 price target on shares of The Hanover Insurance Group in a report on Friday, February 3rd. Finally, Piper Sandler increased their price target on shares of The Hanover Insurance Group from $153.00 to $159.00 and gave the company a “neutral” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $156.80.
Insiders Place Their Bets
The Hanover Insurance Group Stock Down 1.1 %
Shares of NYSE THG opened at $127.70 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $4.56 billion, a P/E ratio of 39.78, a PEG ratio of 0.34 and a beta of 0.69. The Hanover Insurance Group, Inc. has a 1 year low of $119.82 and a 1 year high of $155.55. The firm has a 50-day simple moving average of $134.59 and a two-hundred day simple moving average of $136.61.
The Hanover Insurance Group (NYSE:THG – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The insurance provider reported ($1.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.05). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a net margin of 2.12% and a return on equity of 7.98%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.38 earnings per share. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 9.72 earnings per share for the current year.
The Hanover Insurance Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.54%. The ex-dividend date was Tuesday, March 14th. The Hanover Insurance Group’s payout ratio is currently 100.93%.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Core Commercial, Specialty, Personal Lines and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers compensation and other core commercial coverage, such as general liability, commercial umbrella and monoline property.
Featured Stories
- Get a free copy of the StockNews.com research report on The Hanover Insurance Group (THG)
- C3.ai Stock Plummets: Kerrisdale Capital’s Latest Target
- These Inflation-Resistant Restaurant Stocks Have Yield and Value
- Shock and Awe. PVH Holdings Stock Surges on Earnings Blowout
- Macy’s Gets Upgrade From JP Morgan On Renewed Confidence
- Should You Ride the Bullish Wave with Standex? Technicals Say Yes
Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.
