AlphaCrest Capital Management LLC Acquires 1,735 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

AlphaCrest Capital Management LLC lifted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 104.0% in the second quarter, HoldingsChannel reports. The fund owned 3,403 shares of the insurance provider’s stock after buying an additional 1,735 shares during the period. AlphaCrest Capital Management LLC’s holdings in The Hanover Insurance Group were worth $462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 17.3% during the 1st quarter. HighTower Advisors LLC now owns 3,301 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 487 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of The Hanover Insurance Group by 22.0% in the first quarter. Teacher Retirement System of Texas now owns 4,275 shares of the insurance provider’s stock worth $553,000 after buying an additional 770 shares during the period. Acadian Asset Management LLC lifted its stake in shares of The Hanover Insurance Group by 89.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,199 shares of the insurance provider’s stock valued at $544,000 after acquiring an additional 1,984 shares during the last quarter. UBS Group AG lifted its stake in shares of The Hanover Insurance Group by 8.0% in the 1st quarter. UBS Group AG now owns 36,857 shares of the insurance provider’s stock valued at $4,771,000 after acquiring an additional 2,733 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in The Hanover Insurance Group during the 1st quarter valued at about $413,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.

THG opened at $133.28 on Thursday. The stock has a market cap of $4.76 billion, a PE ratio of 9.81, a PEG ratio of 2.50 and a beta of 0.97. The business has a 50 day moving average of $136.44 and a 200-day moving average of $136.35. The Hanover Insurance Group, Inc. has a 52 week low of $93.17 and a 52 week high of $143.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, July 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.24 by $0.61. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. The Hanover Insurance Group had a return on equity of 11.83% and a net margin of 9.85%. During the same quarter last year, the firm posted $1.63 earnings per share. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 9.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 10th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, September 9th. The Hanover Insurance Group’s payout ratio is currently 30.04%.

In other news, Director Jane D. Carlin sold 980 shares of the stock in a transaction on Friday, August 20th. The stock was sold at an average price of $142.66, for a total value of $139,806.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Joseph Welzenbach sold 6,065 shares of The Hanover Insurance Group stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $136.53, for a total value of $828,054.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,636 shares of company stock worth $2,427,829. Corporate insiders own 2.56% of the company’s stock.

Several analysts have weighed in on the company. Zacks Investment Research upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a research report on Friday, September 24th. JMP Securities reiterated a “buy” rating on shares of The Hanover Insurance Group in a report on Wednesday, August 25th. Finally, Wolfe Research assumed coverage on shares of The Hanover Insurance Group in a research report on Monday, August 16th. They issued a “peer perform” rating and a $144.00 price objective on the stock. Two investment 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.com, The Hanover Insurance Group presently has an average rating of “Buy” and a consensus price target of $146.00.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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