1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its stake in shares of The Hanover Insurance Group, Inc. ( NYSE:THG – Free Report ) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 5,437 shares of the insurance provider’s stock after purchasing an additional 722 shares during the quarter. Pictet Asset Management Holding SA’s holdings in The Hanover Insurance Group were worth $841,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently made changes to their positions in THG.
Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 91.9% during the fourth quarter.
EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the fourth quarter.
Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares during the period. Eagle Bay Advisors LLC boosted its holdings in The Hanover Insurance Group by 502.1% in the fourth quarter.
Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in The Hanover Insurance Group by 226.0% during the 4th quarter.
GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 235 shares during the period. Institutional investors own 86.61% of the company’s stock.
Analysts Set New Price Targets Several equities analysts recently issued reports on THG shares. Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $165.00 to $170.
00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets lifted their price target on The Hanover Insurance Group from $161.
00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $176.
00 to $179.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Finally, Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $190.
00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
According to data from MarketBeat, The Hanover Insurance Group has a consensus rating of “Hold” and an average price target of $179.00. Insider Activity at The Hanover Insurance Group In related news, CEO John C.
Roche sold 301 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.
00. Following the sale, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.
24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 2.
40% of the stock is currently owned by insiders. The Hanover Insurance Group Stock Performance Shares of The Hanover Insurance Group stock opened at $150.83 on Tuesday.
The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.
16. The firm’s 50-day moving average is $164.90 and its 200 day moving average is $158.
09. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 12.
90 and a beta of 0.47. The company has a debt-to-equity ratio of 0.
25, a current ratio of 0.40 and a quick ratio of 0.40.
The Hanover Insurance Group ( NYSE:THG – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $3.
45 by $1.87. The Hanover Insurance Group had a net margin of 6.
83% and a return on equity of 18.01%. Sell-side analysts anticipate that The Hanover Insurance Group, Inc.
will post 14.37 EPS for the current fiscal year. The Hanover Insurance Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. This represents a $3.
60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, March 14th.
The Hanover Insurance Group’s payout ratio is currently 30.80%. The Hanover Insurance Group Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding THG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. ( NYSE:THG – Free Report ). Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.
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