AGF Management Ltd. grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,059 shares of the insurance provider’s stock after purchasing an additional 1,246 shares during the period. AGF Management Ltd. owned approximately 0.07% of The Hanover Insurance Group worth $3,220,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of THG. Raymond James & Associates boosted its stake in The Hanover Insurance Group by 14.0% during the first quarter. Raymond James & Associates now owns 14,446 shares of the insurance provider’s stock valued at $2,160,000 after buying an additional 1,772 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in The Hanover Insurance Group in the 1st quarter worth approximately $209,000. HighTower Advisors LLC increased its position in The Hanover Insurance Group by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 3,679 shares of the insurance provider’s stock worth $550,000 after buying an additional 135 shares during the period. PNC Financial Services Group Inc. boosted its stake in The Hanover Insurance Group by 5.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,221 shares of the insurance provider’s stock valued at $780,000 after buying an additional 277 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in The Hanover Insurance Group by 2.7% in the first quarter. Natixis Advisors L.P. now owns 13,423 shares of the insurance provider’s stock worth $2,007,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 85.38% of the company’s stock.
Analyst Ratings Changes
THG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on The Hanover Insurance Group from $148.00 to $141.00 and set a “market perform” rating for the company in a report on Tuesday, April 18th. JMP Securities reduced their price target on The Hanover Insurance Group from $170.00 to $160.00 in a research report on Wednesday, July 12th. TheStreet cut The Hanover Insurance Group from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Bank of America cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $142.00 to $130.00 in a research report on Thursday, May 18th. Finally, StockNews.com began coverage on The Hanover Insurance Group in a research report on Thursday, May 18th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Hold” and a consensus price target of $148.43.
The Hanover Insurance Group Stock Down 0.2 %
Shares of NYSE:THG opened at $113.29 on Friday. The business’s 50-day moving average is $112.96 and its 200-day moving average is $124.10. The Hanover Insurance Group, Inc. has a 1 year low of $108.71 and a 1 year high of $148.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -3,775.07, a P/E/G ratio of 0.99 and a beta of 0.68.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 2nd. The insurance provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. The Hanover Insurance Group had a positive return on equity of 3.62% and a negative net margin of 0.01%. During the same period in the prior year, the business posted $3.26 earnings per share. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 3.1 earnings per share for the current year.
The Hanover Insurance Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a dividend of $0.81 per share. The ex-dividend date was Thursday, June 15th. This represents a $3.24 annualized dividend and a dividend yield of 2.86%. The Hanover Insurance Group’s dividend payout ratio is currently -10,796.40%.
The Hanover Insurance Group Profile
(Free Report)
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.
See Also
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