Intrust Bank NA Acquires 788 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Intrust Bank NA increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,801 shares of the insurance provider’s stock after acquiring an additional 788 shares during the period. Intrust Bank NA’s holdings in The Hanover Insurance Group were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in THG. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in The Hanover Insurance Group during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on THG shares. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. 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. BMO Capital Markets raised their price objective 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. Finally, Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Stock Down 1.2 %

Shares of The Hanover Insurance Group stock opened at $172.55 on Friday. The company has a 50-day simple moving average of $163.46 and a two-hundred day simple moving average of $157.16. The stock has a market capitalization of $6.20 billion, a PE ratio of 14.76 and a beta of 0.65. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

Insider Activity

In other news, CEO John C. Roche sold 200 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Company Profile

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.