Tidal Investments LLC Has $1.07 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Tidal Investments LLC raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 344.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,254 shares of the insurance provider’s stock after acquiring an additional 5,622 shares during the quarter. Tidal Investments LLC’s holdings in The Hanover Insurance Group were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at $30,000. Sanctuary Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,013 shares of the insurance provider’s stock worth $656,000 after acquiring an additional 1,040 shares during the last quarter. TD Private Client Wealth LLC lifted its position in The Hanover Insurance Group by 15.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,174 shares of the insurance provider’s stock valued at $174,000 after acquiring an additional 161 shares in the last quarter. Geode Capital Management LLC boosted its stake in The Hanover Insurance Group by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after purchasing an additional 16,800 shares during the last quarter. Finally, Barclays PLC increased its holdings in The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on THG. Janney Montgomery Scott cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price on the stock. in a research report on Thursday, November 21st. BMO Capital Markets lifted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America increased their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. JMP Securities boosted their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Morgan Stanley started coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $170.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Activity at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 4,800 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $150.41, for a total value of $721,968.00. Following the completion of the transaction, the executive vice president now owns 80,790 shares in the company, valued at $12,151,623.90. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 29,051 shares of company stock worth $4,556,803. Company insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Up 2.3 %

THG opened at $153.49 on Friday. The company’s 50-day moving average price is $156.58 and its two-hundred day moving average price is $142.81. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $166.13. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 15.23 and a beta of 0.71.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The Hanover Insurance Group’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 11.41 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.90 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.35%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio (DPR) is 35.71%.

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.