Lecap Asset Management Ltd. Acquires 84 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Lecap Asset Management Ltd. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,202 shares of the insurance provider’s stock after acquiring an additional 84 shares during the quarter. Lecap Asset Management Ltd.’s holdings in The Hanover Insurance Group were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners grew its holdings in shares of The Hanover Insurance Group by 111.8% in the first quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after purchasing an additional 6,753 shares during the last quarter. Interval Partners LP bought a new stake in shares of The Hanover Insurance Group during the first quarter valued at approximately $2,349,000. BNP Paribas Financial Markets boosted its holdings in shares of The Hanover Insurance Group by 65.9% in the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after purchasing an additional 4,738 shares during the period. Tidal Investments LLC bought a new position in The Hanover Insurance Group in the first quarter worth approximately $867,000. Finally, Foundations Investment Advisors LLC purchased a new position in The Hanover Insurance Group during the 2nd quarter worth $681,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America raised their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $160.20.

The Hanover Insurance Group Stock Up 0.4 %

NYSE:THG opened at $150.97 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $5.43 billion, a P/E ratio of 33.85 and a beta of 0.69. The company’s 50-day simple moving average is $145.96 and its 200-day simple moving average is $135.67. The Hanover Insurance Group, Inc. has a fifty-two week low of $112.22 and a fifty-two week high of $155.84.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned ($1.91) earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the transaction, the senior vice president now owns 3,013 shares in the company, valued at $416,547.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the completion of the transaction, the executive vice president now owns 66,091 shares of the company’s stock, valued at $10,249,392.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,303 shares of company stock worth $4,372,203. 2.40% of the stock is owned by insiders.

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.