Aptus Capital Advisors LLC Purchases 8,147 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Aptus Capital Advisors LLC boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) by 58.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,007 shares of the insurance provider’s stock after purchasing an additional 8,147 shares during the period. Aptus Capital Advisors LLC owned about 0.06% of The Hanover Insurance Group worth $3,290,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in THG. New York State Teachers Retirement System lifted its holdings in The Hanover Insurance Group by 2.8% during the 4th quarter. New York State Teachers Retirement System now owns 52,941 shares of the insurance provider’s stock valued at $6,938,000 after purchasing an additional 1,433 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of The Hanover Insurance Group by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 281,426 shares of the insurance provider’s stock worth $36,884,000 after acquiring an additional 1,555 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of The Hanover Insurance Group by 1.1% in the fourth 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. Allspring Global Investments Holdings LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $103,194,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $384,000. 84.72% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Down 0.5 %

THG opened at $140.91 on Thursday. 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 company has a market cap of $5.01 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. The firm has a 50 day simple moving average of $143.24 and a 200 day simple moving average of $143.53. The Hanover Insurance Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $155.55.

The Hanover Insurance Group (NYSE:THGGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.26. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.24 billion. The Hanover Insurance Group had a net margin of 8.16% and a return on equity of 12.25%. The Hanover Insurance Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.57 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, June 9th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 25.23%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research note on Wednesday, June 29th. They issued an “equal weight” rating and a $155.00 target price for the company. StockNews.com downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.

The Hanover Insurance Group Profile

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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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