2,510 Shares in The Hanover Insurance Group, Inc. $THG Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the second quarter, HoldingsChannel reports. The firm purchased 2,510 shares of the insurance provider’s stock, valued at approximately $537,000.

A number of other large investors have also made changes to their positions in THG. Millennium Management LLC increased its holdings in shares of The Hanover Insurance Group by 61.0% in the first quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after acquiring an additional 33,495 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 1,568.9% in the first quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 706 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in The Hanover Insurance Group by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock valued at $38,052,000 after buying an additional 38,905 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of The Hanover Insurance Group by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock valued at $22,445,000 after acquiring an additional 7,712 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of The Hanover Insurance Group by 7.7% during the 2nd quarter. Invesco Ltd. now owns 283,484 shares of the insurance provider’s stock worth $48,155,000 after purchasing an additional 20,294 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

THG has been the topic of several recent analyst reports. Piper Sandler lowered shares of The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research note on Wednesday, July 15th. Weiss Ratings upgraded The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, July 30th. 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 report on Thursday, May 21st. Royal Bank Of Canada boosted their price target on The Hanover Insurance Group from $215.00 to $235.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, The Hanover Insurance Group has an average rating of “Moderate Buy” and an average target price of $225.71.

Insider Activity

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,000 shares of the firm’s 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 completion of the sale, the director directly owned 2,270 shares in the company, valued at approximately $525,505. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $219.37 on Thursday. The firm has a market cap of $7.64 billion, a PE ratio of 10.47 and a beta of 0.27. The Hanover Insurance Group, Inc. has a 52 week low of $166.54 and a 52 week high of $236.07. The firm’s fifty day moving average is $215.95 and its 200-day moving average is $192.81. 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 Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $1.47. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.35 earnings per share. Sell-side analysts predict that The Hanover Insurance Group, Inc. will post 20.15 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.80 annualized dividend and a yield of 1.7%. The Hanover Insurance Group’s payout ratio is 18.14%.

The Hanover Insurance Group declared that its board has authorized a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.