The Hanover Insurance Group, Inc. $THG Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,214 shares of the insurance provider’s stock after selling 2,386 shares during the quarter. Trillium Asset Management LLC’s holdings in The Hanover Insurance Group were worth $8,190,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in The Hanover Insurance Group by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider’s stock worth $14,418,000 after purchasing an additional 252 shares during the period. Envestnet Asset Management Inc. raised its holdings in The Hanover Insurance Group by 7.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 112,632 shares of the insurance provider’s stock worth $19,592,000 after purchasing an additional 7,661 shares during the period. Bayforest Capital Ltd raised its holdings in The Hanover Insurance Group by 881.5% in the 1st quarter. Bayforest Capital Ltd now owns 3,926 shares of the insurance provider’s stock worth $683,000 after purchasing an additional 3,526 shares during the period. GAMMA Investing LLC raised its holdings in The Hanover Insurance Group by 47.2% in the 1st quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 160 shares during the period. Finally, Vanguard Group Inc. raised its holdings in The Hanover Insurance Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider’s stock worth $632,338,000 after purchasing an additional 21,221 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

THG has been the topic of several research analyst reports. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. JMP Securities set a $205.00 price objective on The Hanover Insurance Group in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $198.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.83.

The Hanover Insurance Group Price Performance

THG stock opened at $175.36 on Wednesday. The firm has a market capitalization of $6.24 billion, a PE ratio of 10.14 and a beta of 0.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day simple moving average of $176.31 and a 200-day simple moving average of $171.07. The Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $186.46.

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

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s payout ratio is presently 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.