Measured Wealth Private Client Group LLC Has $28,000 Holdings in The Hanover Insurance Group, Inc. $THG

Measured Wealth Private Client Group LLC trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 94.9% in the 1st quarter, Holdings Channel reports. The fund owned 163 shares of the insurance provider’s stock after selling 3,009 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in The Hanover Insurance Group were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of THG. Millennium Management LLC boosted its holdings in The Hanover Insurance Group by 61.0% in the 1st quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock valued at $15,371,000 after purchasing an additional 33,495 shares during the period. NewEdge Advisors LLC grew its position in The Hanover Insurance Group by 1,568.9% in the 1st quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 706 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of The Hanover Insurance Group by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock worth $38,052,000 after purchasing an additional 38,905 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of The Hanover Insurance Group by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock worth $22,445,000 after purchasing an additional 7,712 shares during the period. Finally, Invesco Ltd. raised its position in shares of The Hanover Insurance Group by 7.7% during the second quarter. Invesco Ltd. now owns 283,484 shares of the insurance provider’s stock valued at $48,155,000 after buying an additional 20,294 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $214.10 on Friday. The stock has a market cap of $7.49 billion, a P/E ratio of 10.78 and a beta of 0.28. The company’s 50-day simple moving average is $203.16 and its 200 day simple moving average is $185.68. The Hanover Insurance Group, Inc. has a twelve month low of $163.18 and a twelve month high of $225.29. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $1.11. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.87 earnings per share. As a group, research analysts forecast that The Hanover Insurance Group, Inc. will post 18.38 earnings per share for the current fiscal year.

The Hanover Insurance Group announced that its board has authorized a stock buyback program on Wednesday, May 13th that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 10.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.8%. The Hanover Insurance Group’s dividend payout ratio is presently 19.12%.

Insiders Place Their Bets

In related news, EVP Dennis Francis Kerrigan sold 6,262 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $192.99, for a total value of $1,208,503.38. Following the sale, the executive vice president owned 11,988 shares of the company’s stock, valued at $2,313,564.12. The trade was a 34.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Roche sold 8,358 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.74, for a total value of $1,619,278.92. Following the completion of the sale, the chief executive officer owned 141,011 shares in the company, valued at $27,319,471.14. This trade represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,508 shares of company stock worth $5,704,651 in the last 90 days. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on THG. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a research report on Friday, July 10th. Citizens Jmp raised their price objective on The Hanover Insurance Group from $205.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on The Hanover Insurance Group from $195.00 to $215.00 and gave the stock a “sector perform” rating in a report on Monday, July 13th. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $220.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, BMO Capital Markets lowered The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and upped their target price for the company from $194.00 to $203.00 in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.29.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.