The Hanover Insurance Group, Inc. $THG Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,261 shares of the insurance provider’s stock after acquiring an additional 3,193 shares during the quarter. ProShare Advisors LLC owned 0.57% of The Hanover Insurance Group worth $34,358,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in The Hanover Insurance Group during the 1st quarter worth approximately $27,000. Ameritas Advisory Services LLC acquired a new position in The Hanover Insurance Group during the second quarter worth $39,000. Northwestern Mutual Wealth Management Co. raised its position in The Hanover Insurance Group by 819.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 386 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 344 shares in the last quarter. UMB Bank n.a. raised its position in The Hanover Insurance Group by 20.3% in the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after acquiring an additional 79 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in The Hanover Insurance Group by 119.4% in the first quarter. Geneos Wealth Management Inc. now owns 566 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 308 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on THG. Morgan Stanley boosted their price objective on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $198.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.83.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $180.91 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The Hanover Insurance Group, Inc. has a fifty-two week low of $145.17 and a fifty-two week high of $186.46. The business has a fifty day moving average of $176.77 and a 200-day moving average of $171.66. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 10.46 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.30. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm earned $3.05 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.90 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is 20.82%.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.