SG Americas Securities LLC Has $1.01 Million Position in The Hanover Insurance Group, Inc. $THG

SG Americas Securities LLC reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 57.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,858 shares of the insurance provider’s stock after selling 7,841 shares during the period. SG Americas Securities LLC’s holdings in The Hanover Insurance Group were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in shares of 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 valued at $217,505,000 after buying an additional 339,896 shares during the period. AQR Capital Management LLC raised its position in shares of The Hanover Insurance Group by 24.9% during the fourth quarter. AQR Capital Management LLC now owns 953,781 shares of the insurance provider’s stock worth $174,322,000 after acquiring an additional 190,350 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The Hanover Insurance Group by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 833,179 shares of the insurance provider’s stock worth $152,285,000 after acquiring an additional 42,412 shares during the period. First Trust Advisors LP lifted its stake in shares of The Hanover Insurance Group by 25.4% in the fourth quarter. First Trust Advisors LP now owns 801,375 shares of the insurance provider’s stock worth $146,467,000 after acquiring an additional 162,111 shares during the period. Finally, Geode Capital Management LLC increased its position in The Hanover Insurance Group by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 727,958 shares of the insurance provider’s stock valued at $133,073,000 after purchasing an additional 29,870 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In related news, EVP Dennis Francis Kerrigan sold 6,262 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $192.99, for a total transaction of $1,208,503.38. Following the transaction, the executive vice president owned 11,988 shares in the company, valued at $2,313,564.12. The trade was a 34.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Roche sold 8,358 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.74, for a total transaction of $1,619,278.92. Following the transaction, the chief executive officer directly owned 141,011 shares in the company, valued at approximately $27,319,471.14. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,508 shares of company stock worth $5,704,651 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of The Hanover Insurance Group from $212.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada upped their price objective on shares of The Hanover Insurance Group from $190.00 to $195.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $208.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $195.00 target price on shares of The Hanover Insurance Group in a research note on Friday, May 1st. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.00.

The Hanover Insurance Group Trading Down 0.2%

NYSE THG opened at $221.14 on Friday. The stock has a market capitalization of $7.74 billion, a P/E ratio of 11.13 and a beta of 0.28. The business has a 50 day simple moving average of $195.15 and a 200 day simple moving average of $182.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37. The Hanover Insurance Group, Inc. has a one year low of $160.97 and a one year high of $221.70.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $1.11. The firm 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 company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.87 earnings per share. Research analysts expect that The Hanover Insurance Group, Inc. will post 18.36 earnings per share for the current year.

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

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.95 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.80 annualized dividend and a dividend yield of 1.7%. The Hanover Insurance Group’s payout ratio is currently 19.12%.

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.