First Hawaiian Bank lifted its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 53.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,025 shares of the insurance provider’s stock after purchasing an additional 3,506 shares during the quarter. First Hawaiian Bank’s holdings in Hanover Insurance Group were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Hanover Insurance Group in the 2nd quarter worth $179,000. Contravisory Investment Management Inc. purchased a new stake in Hanover Insurance Group during the second quarter worth approximately $188,000. Brown Advisory Inc. purchased a new stake in Hanover Insurance Group during the first quarter worth approximately $202,000. Trexquant Investment LP purchased a new stake in Hanover Insurance Group during the second quarter worth approximately $209,000. Finally, Mackay Shields LLC purchased a new stake in Hanover Insurance Group during the second quarter worth approximately $298,000. 84.59% of the stock is currently owned by institutional investors.

THG opened at $113.08 on Friday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 23.85 and a beta of 0.92. Hanover Insurance Group Inc has a 52 week low of $97.99 and a 52 week high of $131.44. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.09 by $0.11. Hanover Insurance Group had a return on equity of 9.11% and a net margin of 4.29%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Hanover Insurance Group Inc will post 7.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 13th. Hanover Insurance Group’s payout ratio is 45.57%.

Several research analysts have commented on THG shares. Sandler O’Neill lowered Hanover Insurance Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. ValuEngine raised Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research lowered Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Finally, Keefe, Bruyette & Woods set a $140.00 price target on Hanover Insurance Group and gave the stock a “buy” rating in a research report on Thursday, August 2nd.

Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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Institutional Ownership by Quarter for Hanover Insurance Group (NYSE:THG)

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