Markel Group Inc. Has $47.73 Million Stake in The Hanover Insurance Group, Inc. $THG

Markel Group Inc. raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 281,000 shares of the insurance provider’s stock after buying an additional 1,000 shares during the period. Markel Group Inc.’s holdings in The Hanover Insurance Group were worth $47,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of The Hanover Insurance Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider’s stock worth $14,418,000 after buying an additional 252 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of The Hanover Insurance Group by 7.3% during the first quarter. Envestnet Asset Management Inc. now owns 112,632 shares of the insurance provider’s stock worth $19,592,000 after buying an additional 7,661 shares in the last quarter. Bayforest Capital Ltd increased its holdings in shares of The Hanover Insurance Group by 881.5% during the first quarter. Bayforest Capital Ltd now owns 3,926 shares of the insurance provider’s stock worth $683,000 after buying an additional 3,526 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of The Hanover Insurance Group by 47.2% during the first quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider’s stock worth $87,000 after buying an additional 160 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of The Hanover Insurance Group during the first quarter worth approximately $3,206,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

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

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $168.84 on Wednesday. The Hanover Insurance Group, Inc. has a 52-week low of $145.17 and a 52-week high of $186.46. The stock has a market cap of $6.04 billion, a PE ratio of 11.12 and a beta of 0.44. 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 firm’s 50 day moving average price is $176.58 and its two-hundred day moving average price is $170.60.

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

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio (DPR) 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.