UBS Group AG Raises Stake in The Hanover Insurance Group, Inc. $THG

UBS Group AG boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,300 shares of the insurance provider’s stock after buying an additional 55,220 shares during the quarter. UBS Group AG’s holdings in The Hanover Insurance Group were worth $27,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of THG. Alliancebernstein L.P. boosted its stake in The Hanover Insurance Group by 36.1% in 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 in the last quarter. AQR Capital Management LLC boosted its stake in The Hanover Insurance Group by 37.8% in the third quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider’s stock worth $137,967,000 after buying an additional 209,616 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in 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 worth $53,058,000 after buying an additional 196,655 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in 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 worth $94,787,000 after buying an additional 193,000 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in The Hanover Insurance Group by 58.4% in the third quarter. Invesco Ltd. now owns 448,980 shares of the insurance provider’s stock worth $81,548,000 after buying an additional 165,496 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

THG opened at $189.06 on Friday. The stock has a fifty day simple moving average of $177.00 and a two-hundred day simple moving average of $177.30. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 9.51 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 12-month low of $160.70 and a 12-month high of $191.66.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $1.11. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.58 billion. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.87 earnings per share. Research analysts predict that The Hanover Insurance Group, Inc. will post 18.45 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 19.12%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,200 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cynthia Egan sold 3,400 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $188.50, for a total value of $640,900.00. Following the sale, the director directly owned 9,359 shares in the company, valued at $1,764,171.50. This trade represents a 26.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

THG has been the subject of several research reports. Morgan Stanley set a $195.00 target price on The Hanover Insurance Group in a research note on Friday, May 1st. Piper Sandler upped their target price on The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citizens Jmp increased their price objective on The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, April 30th. Zacks Research raised The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.60.

The Hanover Insurance Group Company Profile

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.