Hantz Financial Services Inc. Has $1.48 Million Stock Holdings in The Hanover Insurance Group, Inc. $THG

Hantz Financial Services Inc. cut its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 59.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,149 shares of the insurance provider’s stock after selling 11,857 shares during the quarter. Hantz Financial Services Inc.’s holdings in The Hanover Insurance Group were worth $1,480,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in The Hanover Insurance Group by 56.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock worth $38,000 after buying an additional 81 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at $39,000. Quent Capital LLC acquired a new position in shares of The Hanover Insurance Group in the third quarter worth $69,000. GAMMA Investing LLC raised its holdings in shares of The Hanover Insurance Group by 25.4% during the third quarter. GAMMA Investing LLC now owns 671 shares of the insurance provider’s stock worth $122,000 after acquiring an additional 136 shares in the last quarter. Finally, Allworth Financial LP boosted its position in The Hanover Insurance Group by 22.8% during the second quarter. Allworth Financial LP now owns 705 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 131 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on THG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They set a “sector perform” rating and a $200.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the completion of the transaction, the executive vice president owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This represents a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Denise Lowsley sold 1,619 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total value of $293,799.93. Following the completion of the sale, the executive vice president owned 3,511 shares of the company’s stock, valued at $637,141.17. This represents a 31.56% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $176.26 on Friday. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 9.70 and a beta of 0.32. The business has a 50 day moving average price of $178.16 and a 200 day moving average price of $176.48. The company has a quick ratio of 0.42, a current ratio of 0.43 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a twelve month low of $147.76 and a twelve month high of $188.18.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 3rd. The insurance provider reported $5.79 EPS for the quarter, topping analysts’ consensus estimates of $5.20 by $0.59. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.32 earnings per share. Research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a $0.95 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.80 annualized dividend and a yield of 2.2%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The Hanover Insurance Group’s dividend payout ratio (DPR) is 20.91%.

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.