Tectonic Advisors LLC Raises Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Tectonic Advisors LLC grew its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 23.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,558 shares of the insurance provider’s stock after buying an additional 679 shares during the quarter. Tectonic Advisors LLC’s holdings in The Hanover Insurance Group were worth $550,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Trust Point Inc. increased its stake in shares of The Hanover Insurance Group by 9.1% during the fourth quarter. Trust Point Inc. now owns 2,226 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 185 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in The Hanover Insurance Group by 48.8% in the 4th quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider’s stock worth $11,832,000 after buying an additional 25,089 shares during the last quarter. Highland Capital Management LLC increased its stake in The Hanover Insurance Group by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 1,669 shares of the insurance provider’s stock worth $258,000 after buying an additional 102 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $293,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of The Hanover Insurance Group by 2.7% during the fourth quarter. Hantz Financial Services Inc. now owns 20,483 shares of the insurance provider’s stock valued at $3,168,000 after acquiring an additional 543 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $159.92 on Thursday. The stock has a fifty day simple moving average of $155.71 and a 200-day simple moving average of $149.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.76 billion, a PE ratio of 15.87 and a beta of 0.72. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $166.13.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, December 13th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s payout ratio is currently 35.71%.

Wall Street Analyst Weigh In

Several brokerages recently commented on THG. Bank of America boosted their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target on the stock. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $170.00 to $176.00 and gave the company a “market perform” rating in a research note on Friday, January 10th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $174.88.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 12,100 shares of company stock valued at $1,951,223. Corporate insiders own 2.50% of the company’s stock.

About The Hanover Insurance Group

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.