The Hanover Insurance Group, Inc. $THG Shares Purchased by Interval Partners LP

Interval Partners LP boosted its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 71.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 138,385 shares of the insurance provider’s stock after acquiring an additional 57,787 shares during the quarter. Interval Partners LP’s holdings in The Hanover Insurance Group were worth $25,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC grew its stake in The Hanover Insurance Group by 1.3% in the 4th quarter. Gotham Asset Management LLC now owns 133,428 shares of the insurance provider’s stock valued at $24,387,000 after acquiring an additional 1,668 shares during the period. Evolve Private Wealth LLC acquired a new stake in The Hanover Insurance Group in the 4th quarter valued at $302,000. Engineers Gate Manager LP grew its stake in The Hanover Insurance Group by 1,035.3% in the 4th quarter. Engineers Gate Manager LP now owns 16,008 shares of the insurance provider’s stock valued at $2,926,000 after acquiring an additional 14,598 shares during the period. Boothbay Fund Management LLC grew its stake in The Hanover Insurance Group by 14.1% in the 4th quarter. Boothbay Fund Management LLC now owns 1,865 shares of the insurance provider’s stock valued at $341,000 after acquiring an additional 230 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its stake in The Hanover Insurance Group by 64.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 58,275 shares of the insurance provider’s stock valued at $10,651,000 after acquiring an additional 22,748 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, Director Francisco Aristeguieta sold 1,000 shares of The Hanover Insurance Group stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $195.37, for a total transaction of $195,370.00. Following the transaction, the director owned 4,053 shares in the company, valued at $791,834.61. The trade was a 19.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cynthia Egan sold 3,400 shares of The Hanover Insurance Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $188.50, for a total value of $640,900.00. Following the transaction, the director owned 9,359 shares in the company, valued at approximately $1,764,171.50. This represents a 26.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 29,508 shares of company stock worth $5,704,651. Corporate insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Trading Up 0.2%

Shares of THG stock opened at $199.55 on Thursday. The stock’s fifty day moving average is $187.58 and its two-hundred day moving average is $180.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $6.98 billion, a P/E ratio of 10.04 and a beta of 0.30. The Hanover Insurance Group, Inc. has a fifty-two week low of $160.70 and a fifty-two week high of $201.45.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.87 EPS. Research analysts expect that The Hanover Insurance Group, Inc. will post 18.36 earnings per share for the current fiscal year.

The Hanover Insurance Group declared that its board has approved a stock repurchase program on Wednesday, May 13th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 10.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, June 12th. The Hanover Insurance Group’s payout ratio is currently 19.12%.

Wall Street Analyst Weigh In

THG has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Citizens Jmp raised their price objective on The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a report on Thursday, April 30th. Morgan Stanley set a $195.00 price objective on The Hanover Insurance Group in a report on Friday, May 1st. Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, April 30th. Finally, Zacks Research upgraded The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.00.

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.