Kingsview Wealth Management LLC Makes New $2.30 Million Investment in The Hanover Insurance Group, Inc. $THG

Kingsview Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,559 shares of the insurance provider’s stock, valued at approximately $2,303,000.

Other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $27,000. Ameritas Advisory Services LLC purchased a new stake in The Hanover Insurance Group in the second quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 valued at $67,000 after purchasing an additional 344 shares during the last quarter. UMB Bank n.a. grew its stake in shares of The Hanover Insurance Group by 20.3% during the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock valued at $79,000 after buying an additional 79 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in The Hanover Insurance Group by 119.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 566 shares of the insurance provider’s stock worth $98,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on 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. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.83.

The Hanover Insurance Group Stock Up 1.3%

THG opened at $180.89 on Wednesday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.46 and a beta of 0.44. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $177.01 and a 200-day moving average price of $172.19. The Hanover Insurance Group, Inc. has a twelve month low of $145.17 and a twelve month high of $186.46.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.30. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.72 billion. The Hanover Insurance Group had a return on equity of 22.43% and a net margin of 9.71%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $3.05 earnings per share. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared 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 was Friday, September 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is presently 20.82%.

Insider Activity at The Hanover Insurance Group

In other news, EVP Denise Lowsley sold 1,619 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total transaction of $293,799.93. Following the completion of the transaction, the executive vice president owned 3,511 shares in the company, valued at $637,141.17. This trade represents a 31.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

The Hanover Insurance Group 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.