Trillium Asset Management LLC Buys Shares of 32,198 The Hanover Insurance Group, Inc. $THG

Trillium Asset Management LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THGFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,198 shares of the insurance provider’s stock, valued at approximately $6,894,000. Trillium Asset Management LLC owned about 0.09% of The Hanover Insurance Group at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of THG. JPL Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at about $26,000. McMillan Office Inc. bought a new position in The Hanover Insurance Group during the 4th quarter worth approximately $31,000. Entrust Financial LLC bought a new position in The Hanover Insurance Group during the 4th quarter worth approximately $33,000. Clearstead Trust LLC acquired a new position in The Hanover Insurance Group during the second quarter valued at approximately $36,000. Finally, Root Financial Partners LLC grew its holdings in The Hanover Insurance Group by 69.3% during the first quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 97 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 2.1%

NYSE THG opened at $223.48 on Friday. The Hanover Insurance Group, Inc. has a 52 week low of $166.54 and a 52 week high of $236.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. The stock’s 50 day moving average price is $216.49 and its two-hundred day moving average price is $193.15. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 10.67 and a beta of 0.27.

The Hanover Insurance Group (NYSE:THGGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, topping the consensus estimate of $3.84 by $1.47. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $4.35 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.95 dividend. The ex-dividend date of this dividend 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 18.14%.

The Hanover Insurance Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 13th that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 10.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

THG has been the topic of several analyst reports. Citizens Jmp increased their target price on shares of The Hanover Insurance Group from $225.00 to $240.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 29th. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a report on Friday, July 10th. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, July 30th. Morgan Stanley raised their price objective on The Hanover Insurance Group from $235.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $220.00 to $222.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.71.

View Our Latest Stock Report on The Hanover Insurance Group

Insiders Place Their Bets

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,000 shares of The Hanover Insurance Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the sale, the director directly owned 2,270 shares in the company, valued at approximately $525,505. The trade was a 30.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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