Flputnam Investment Management Co. Purchases New Shares in The Hanover Insurance Group, Inc. (NYSE:THG)

Flputnam Investment Management Co. acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,689 shares of the insurance provider’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its position in The Hanover Insurance Group by 321.8% in the 3rd quarter. Comerica Bank now owns 51,519 shares of the insurance provider’s stock valued at $5,718,000 after acquiring an additional 39,306 shares during the period. Hsbc Holdings PLC increased its holdings in shares of The Hanover Insurance Group by 28.8% in the third quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider’s stock valued at $3,290,000 after purchasing an additional 6,579 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of The Hanover Insurance Group by 547.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider’s stock worth $1,498,000 after purchasing an additional 11,416 shares during the last quarter. Markel Group Inc. lifted its holdings in shares of The Hanover Insurance Group by 19.6% during the third quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider’s stock worth $20,975,000 after purchasing an additional 31,000 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in The Hanover Insurance Group in the 3rd quarter valued at $455,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

THG has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research note on Monday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.83.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the transaction, the senior vice president now directly owns 3,612 shares in the company, valued at approximately $473,677.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Trading Up 0.5 %

Shares of The Hanover Insurance Group stock opened at $127.21 on Friday. The company has a 50-day moving average of $131.41 and a two-hundred day moving average of $124.92. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.57 billion, a PE ratio of 135.33 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.70%.

The Hanover Insurance Group Company 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.