Capula Management Ltd Invests $1.88 Million in The Hanover Insurance Group, Inc. $THG

Capula Management Ltd bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,334 shares of the insurance provider’s stock, valued at approximately $1,877,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of THG. Norges Bank bought a new stake in The Hanover Insurance Group in the second quarter worth $77,169,000. Alliancebernstein L.P. boosted its stake in The Hanover Insurance Group by 36.1% during the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock worth $217,505,000 after buying an additional 339,896 shares during the period. AQR Capital Management LLC increased its position in The Hanover Insurance Group by 37.8% during the third quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider’s stock valued at $137,967,000 after acquiring an additional 209,616 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of The Hanover Insurance Group by 206.0% in the third quarter. Balyasny Asset Management L.P. now owns 292,121 shares of the insurance provider’s stock valued at $53,058,000 after acquiring an additional 196,655 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of The Hanover Insurance Group by 52.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 558,000 shares of the insurance provider’s stock valued at $94,787,000 after acquiring an additional 193,000 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

THG stock opened at $173.55 on Friday. The Hanover Insurance Group, Inc. has a 1-year low of $147.76 and a 1-year high of $188.18. The business has a 50-day moving average price of $174.25 and a 200 day moving average price of $177.45. The company has a market capitalization of $6.10 billion, a P/E ratio of 9.55 and a beta of 0.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.44 and a quick ratio of 0.44.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share (EPS) for the quarter. The company had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. As a group, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 20.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on THG shares. Royal Bank Of Canada initiated coverage on shares of The Hanover Insurance Group in a report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price for the company. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Insider Buying and Selling

In related news, Director Jane D. Carlin sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director directly owned 2,423 shares of the company’s stock, valued at $438,344.93. This trade represents a 33.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard W. Lavey sold 24,420 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the completion of the transaction, the executive vice president directly owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This trade represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.

About The Hanover Insurance Group

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.