Bedminster LLC Purchases Shares of 2,865 The Hanover Insurance Group, Inc. $THG

Bedminster LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,865 shares of the insurance provider’s stock, valued at approximately $524,000. The Hanover Insurance Group accounts for 0.5% of Bedminster LLC’s investment portfolio, making the stock its 25th biggest holding.

Other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $26,000. Community Bank N.A. acquired a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $27,000. Clearstead Advisors LLC increased its stake in shares of The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 150 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $43,000. Finally, Torren Management LLC acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insiders Place Their Bets

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $180.91, for a total value of $217,092.00. Following the transaction, the director owned 2,423 shares in the company, valued at approximately $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Cynthia Egan sold 3,400 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $188.50, for a total transaction of $640,900.00. Following the completion of the transaction, the director owned 9,359 shares in the company, valued at approximately $1,764,171.50. This trade represents a 26.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,662 shares of company stock worth $1,058,105. 2.80% of the stock is owned by insiders.

The Hanover Insurance Group Trading Up 1.4%

The Hanover Insurance Group stock opened at $191.90 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 9.66 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 1 year low of $160.70 and a 1 year high of $193.32. The firm’s 50 day moving average price is $178.05 and its two-hundred day moving average price is $177.85.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $1.11. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.87 earnings per share. On average, research analysts predict 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 approved a share repurchase program on Wednesday, May 13th that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 10.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.95 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.80 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is 19.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on THG shares. Morgan Stanley set a $195.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, May 1st. Citizens Jmp raised their price objective 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. Keefe, Bruyette & Woods raised their price objective 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. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Finally, Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $204.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.60.

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.