New Age Alpha Advisors LLC Has $3.33 Million Stock Position in The Hanover Insurance Group, Inc. $THG

New Age Alpha Advisors LLC trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 41.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,208 shares of the insurance provider’s stock after selling 12,996 shares during the quarter. New Age Alpha Advisors LLC’s holdings in The Hanover Insurance Group were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its holdings in The Hanover Insurance Group by 6.7% during the fourth quarter. William Blair Investment Management LLC now owns 149,219 shares of the insurance provider’s stock valued at $27,273,000 after purchasing an additional 9,327 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of The Hanover Insurance Group by 31.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,068 shares of the insurance provider’s stock valued at $195,000 after acquiring an additional 257 shares during the last quarter. Legato Capital Management LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $1,238,000. LSV Asset Management raised its stake in shares of The Hanover Insurance Group by 1,586.7% in the fourth quarter. LSV Asset Management now owns 25,300 shares of the insurance provider’s stock valued at $4,624,000 after acquiring an additional 23,800 shares during the last quarter. Finally, Evoke Wealth LLC raised its stake in shares of The Hanover Insurance Group by 6.7% in the fourth quarter. Evoke Wealth LLC now owns 1,619 shares of the insurance provider’s stock valued at $296,000 after acquiring an additional 102 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $195.34 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $180.74 and a 200-day moving average of $179.04. The Hanover Insurance Group, Inc. has a 1 year low of $160.70 and a 1 year high of $199.59. The stock has a market capitalization of $6.83 billion, a P/E ratio of 9.83 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $3.87 EPS. The Hanover Insurance Group’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 18.45 EPS for the current fiscal year.

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

Insider Transactions at The Hanover Insurance Group

In related news, Director Cynthia Egan sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $188.50, for a total value of $640,900.00. Following the completion of the transaction, the director owned 9,359 shares in the company, valued at $1,764,171.50. The trade was a 26.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the completion of the transaction, the director owned 2,423 shares of the company’s stock, valued at $438,344.93. This trade represents a 33.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,708 shares of company stock worth $5,726,373 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on THG. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. BMO Capital Markets cut shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $194.00 to $203.00 in a research note on Tuesday, May 19th. Zacks Research upgraded shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Citizens Jmp lifted their target price on shares of The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, April 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $208.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.86.

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.