Yousif Capital Management LLC Sells 331 Shares of The Hanover Insurance Group, Inc. $THG

Yousif Capital Management LLC decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,630 shares of the insurance provider’s stock after selling 331 shares during the period. Yousif Capital Management LLC’s holdings in The Hanover Insurance Group were worth $2,145,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in THG. Fuller & Thaler Asset Management Inc. increased its position in The Hanover Insurance Group by 45.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider’s stock worth $157,905,000 after buying an additional 282,233 shares during the period. Woodline Partners LP increased its position in shares of The Hanover Insurance Group by 166.7% in the first quarter. Woodline Partners LP now owns 346,275 shares of the insurance provider’s stock worth $60,235,000 after purchasing an additional 216,427 shares during the period. AQR Capital Management LLC increased its position in shares of The Hanover Insurance Group by 59.3% in the first quarter. AQR Capital Management LLC now owns 457,809 shares of the insurance provider’s stock worth $79,032,000 after purchasing an additional 170,453 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of The Hanover Insurance Group by 25.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 464,660 shares of the insurance provider’s stock worth $78,932,000 after purchasing an additional 94,780 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of The Hanover Insurance Group by 9.3% in the first quarter. Alliancebernstein L.P. now owns 940,522 shares of the insurance provider’s stock worth $163,604,000 after purchasing an additional 80,262 shares during the period. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on THG. Morgan Stanley raised their price target on The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. JMP Securities set a $205.00 price target on The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a research report on Wednesday, July 9th. Finally, Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.00.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $171.01 on Friday. The Hanover Insurance Group, Inc. has a 12-month low of $145.17 and a 12-month high of $186.46. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $176.18 and its two-hundred day moving average price is $169.71. The stock has a market cap of $6.12 billion, a PE ratio of 11.26 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping the consensus estimate of $3.07 by $1.28. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 earnings per share. As a group, analysts expect 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, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. The Hanover Insurance Group’s payout ratio is 23.70%.

About The Hanover Insurance Group

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.