Vise Technologies Inc. Buys Shares of 1,313 The Hanover Insurance Group, Inc. $THG

Vise Technologies Inc. purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the second quarter, HoldingsChannel reports. The firm purchased 1,313 shares of the insurance provider’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp boosted its position in shares of The Hanover Insurance Group by 2.8% during the 2nd quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 62 shares during the period. Evergreen Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 3.8% during the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock worth $315,000 after buying an additional 67 shares during the period. UMB Bank n.a. grew its stake in shares of 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 valued at $79,000 after buying an additional 79 shares in the last quarter. Somerset Trust Co grew its stake in shares of The Hanover Insurance Group by 7.1% in the second quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock valued at $215,000 after buying an additional 84 shares in the last quarter. Finally, Intrust Bank NA lifted its stake in The Hanover Insurance Group by 1.8% during the 1st quarter. Intrust Bank NA now owns 4,886 shares of the insurance provider’s stock worth $850,000 after acquiring an additional 85 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

Shares of THG opened at $178.38 on Tuesday. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 10.32 and a beta of 0.44. The firm’s fifty day simple moving average is $176.98 and its 200-day simple moving average is $172.11. The Hanover Insurance Group, Inc. has a twelve month low of $145.17 and a twelve month high of $186.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, topping 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 firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $3.05 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio is presently 20.82%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Denise Lowsley sold 1,619 shares of the business’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 transaction of $293,799.93. Following the completion of the sale, the executive vice president owned 3,511 shares in the company, valued at $637,141.17. The trade was a 31.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their price objective 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, Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $191.83.

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.