Susquehanna Fundamental Investments LLC Acquires 12,602 Shares of The Hanover Insurance Group, Inc. $THG

Susquehanna Fundamental Investments LLC boosted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 41.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,208 shares of the insurance provider’s stock after buying an additional 12,602 shares during the period. Susquehanna Fundamental Investments LLC owned 0.12% of The Hanover Insurance Group worth $9,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of THG. JPL Wealth Management LLC bought a new position in shares of The Hanover Insurance Group in the 3rd quarter worth $26,000. McMillan Office Inc. purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter worth $31,000. Entrust Financial LLC bought a new stake in The Hanover Insurance Group during the fourth quarter valued at about $33,000. Clearstead Trust LLC bought a new stake in The Hanover Insurance Group during the second quarter valued at about $36,000. Finally, Root Financial Partners LLC grew its stake in The Hanover Insurance Group by 69.3% in the first quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a report on Friday, July 10th. Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Royal Bank Of Canada lifted their price objective on shares of The Hanover Insurance Group from $215.00 to $235.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. BMO Capital Markets lowered shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $194.00 to $203.00 in a research note on Tuesday, May 19th. Finally, Zacks Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.71.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Dennis Francis Kerrigan sold 2,104 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $222.41, for a total transaction of $467,950.64. Following the sale, the executive vice president directly owned 12,003 shares of the company’s stock, valued at approximately $2,669,587.23. This trade represents a 14.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane D. Carlin sold 1,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $231.50, for a total value of $231,500.00. Following the sale, the director directly owned 2,270 shares in the company, valued at $525,505. This represents a 30.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,655 shares of company stock worth $2,145,846. 2.80% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Performance

THG opened at $227.73 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The Hanover Insurance Group, Inc. has a 12-month low of $166.54 and a 12-month high of $236.07. The firm has a 50 day moving average of $219.90 and a two-hundred day moving average of $195.36. The firm has a market capitalization of $7.93 billion, a PE ratio of 10.87 and a beta of 0.27.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, beating the consensus estimate of $3.84 by $1.47. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $4.35 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 EPS for the current year.

The Hanover Insurance Group announced that its Board of Directors has approved a share repurchase program on Wednesday, May 13th that permits the company to buyback $700.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 10.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.