Rafferty Asset Management LLC Buys 1,689 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Rafferty Asset Management LLC boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,830 shares of the insurance provider’s stock after buying an additional 1,689 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.05% of The Hanover Insurance Group worth $2,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its position in shares of The Hanover Insurance Group by 2.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,002 shares of the insurance provider’s stock worth $519,000 after buying an additional 92 shares during the period. FourThought Financial LLC increased its holdings in The Hanover Insurance Group by 5.2% in the 4th quarter. FourThought Financial LLC now owns 1,874 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 93 shares during the last quarter. State of Michigan Retirement System increased its holdings in The Hanover Insurance Group by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 9,059 shares of the insurance provider’s stock worth $1,187,000 after acquiring an additional 100 shares during the last quarter. Meritage Portfolio Management increased its holdings in The Hanover Insurance Group by 5.0% in the 4th quarter. Meritage Portfolio Management now owns 2,166 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 103 shares during the last quarter. Finally, Intrust Bank NA increased its holdings in The Hanover Insurance Group by 3.7% in the 4th quarter. Intrust Bank NA now owns 2,933 shares of the insurance provider’s stock worth $385,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 84.72% of the company’s stock.

Several research analysts have recently commented on the company. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $160.33.

In related news, EVP Richard W. Lavey sold 9,253 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $141.07, for a total transaction of $1,305,320.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Roche sold 922 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $155.24, for a total value of $143,131.28. Following the transaction, the chief executive officer now owns 74,843 shares of the company’s stock, valued at approximately $11,618,627.32. The disclosure for this sale can be found here. Insiders sold a total of 20,158 shares of company stock valued at $2,916,191 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

NYSE:THG opened at $148.76 on Wednesday. The business has a 50 day moving average of $148.30 and a 200 day moving average of $138.47. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.84 and a beta of 0.83. The Hanover Insurance Group, Inc. has a 1-year low of $121.69 and a 1-year high of $155.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THGGet Rating) last released its earnings results on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.20. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.24 billion. The Hanover Insurance Group had a return on equity of 12.25% and a net margin of 8.16%. The Hanover Insurance Group’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.02%. The Hanover Insurance Group’s payout ratio is 25.23%.

The Hanover Insurance Group Profile (Get Rating)

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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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