Aptus Capital Advisors LLC Has $9.71 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Aptus Capital Advisors LLC boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 22.2% in the fourth quarter, Holdings Channel reports. The fund owned 62,806 shares of the insurance provider’s stock after acquiring an additional 11,422 shares during the period. Aptus Capital Advisors LLC’s holdings in The Hanover Insurance Group were worth $9,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group in the third quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after buying an additional 102 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 235 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

THG has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.25.

The Hanover Insurance Group Trading Up 2.8 %

THG stock opened at $170.25 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.12 billion, a P/E ratio of 14.56 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The business’s 50 day moving average is $165.45 and its 200-day moving average is $159.84.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $3.08 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 200 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Company 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.