Yousif Capital Management LLC Sells 331 Shares of The Hanover Insurance Group, Inc. $THG

Yousif Capital Management LLC reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,630 shares of the insurance provider’s stock after selling 331 shares during the quarter. Yousif Capital Management LLC’s holdings in The Hanover Insurance Group were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THG. Clearstead Trust LLC bought a new stake in The Hanover Insurance Group during the 1st quarter worth about $27,000. Ameritas Advisory Services LLC bought a new stake in The Hanover Insurance Group during the 2nd quarter worth about $39,000. Northwestern Mutual Wealth Management Co. raised its holdings in The Hanover Insurance Group by 819.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 386 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 344 shares during the last quarter. UMB Bank n.a. raised its holdings in The Hanover Insurance Group by 20.3% during the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 79 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of The Hanover Insurance Group by 47.2% in the 1st quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 160 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THG. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price target for the company in a research note on Wednesday, July 9th. Morgan Stanley upped their price target on The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Finally, JMP Securities set a $205.00 price target on The Hanover Insurance Group in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

The Hanover Insurance Group Price Performance

Shares of THG opened at $171.01 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50 day simple moving average of $176.18 and a 200 day simple moving average of $169.71. The Hanover Insurance Group, Inc. has a 52-week low of $145.17 and a 52-week high of $186.46. The firm has a market capitalization of $6.12 billion, a PE ratio of 11.26 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $1.28. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the firm earned $1.88 EPS. The Hanover Insurance Group’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio is presently 23.70%.

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.