SG Americas Securities LLC trimmed its place in shares of The Hanover Insurance coverage Group, Inc. (NYSE:THG – Get Ranking) by 13.3% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 6,946 shares of the insurance coverage supplier’s inventory after promoting 1,061 shares throughout the interval. SG Americas Securities LLC’s holdings in The Hanover Insurance coverage Group have been price $890,000 on the finish of the newest reporting interval.
Different massive traders have additionally added to or decreased their stakes within the firm. GPS Wealth Methods Group LLC grew its holdings in The Hanover Insurance coverage Group by 55.0% throughout the third quarter. GPS Wealth Methods Group LLC now owns 203 shares of the insurance coverage supplier’s inventory valued at $26,000 after buying a further 72 shares within the final quarter. Assetmark Inc. grew its holdings in The Hanover Insurance coverage Group by 139.2% throughout the 2nd quarter. Assetmark Inc. now owns 244 shares of the insurance coverage supplier’s inventory valued at $36,000 after buying a further 142 shares within the final quarter. Ronald Blue Belief Inc. acquired a brand new stake in The Hanover Insurance coverage Group throughout the 2nd quarter valued at $47,000. Riverview Belief Co grew its holdings in The Hanover Insurance coverage Group by 48.2% throughout the third quarter. Riverview Belief Co now owns 338 shares of the insurance coverage supplier’s inventory valued at $43,000 after buying a further 110 shares within the final quarter. Lastly, Covestor Ltd grew its holdings in The Hanover Insurance coverage Group by 35.4% throughout the 1st quarter. Covestor Ltd now owns 520 shares of the insurance coverage supplier’s inventory valued at $78,000 after buying a further 136 shares within the final quarter. 86.39% of the inventory is owned by institutional traders and hedge funds.
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Analysts Set New Worth Targets
A variety of equities analysis analysts lately weighed in on the inventory. Morgan Stanley raised their value goal on shares of The Hanover Insurance coverage Group from $145.00 to $150.00 and gave the corporate an “equal weight” score in a report on Tuesday, November twenty second. Piper Sandler elevated their value goal on shares of The Hanover Insurance coverage Group from $144.00 to $151.00 in a analysis notice on Tuesday, January tenth. Janney Montgomery Scott assumed protection on shares of The Hanover Insurance coverage Group in a analysis notice on Friday, November eleventh. They set a “purchase” score and a $164.00 value goal on the inventory. StockNews.com downgraded shares of The Hanover Insurance coverage Group from a “purchase” score to a “maintain” score in a analysis notice on Thursday, October thirteenth. Lastly, BMO Capital Markets assumed protection on shares of The Hanover Insurance coverage Group in a analysis notice on Thursday. They set a “market carry out” score on the inventory. 4 equities analysis analysts have rated the inventory with a maintain score and one has issued a purchase score to the corporate. Based on MarketBeat.com, The Hanover Insurance coverage Group presently has a median score of “Maintain” and a consensus value goal of $155.00.
The Hanover Insurance coverage Group Inventory Down 2.3 %
Shares of NYSE:THG opened at $128.41 on Friday. The inventory has a market capitalization of $4.57 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The Hanover Insurance coverage Group, Inc. has a 1-year low of $123.36 and a 1-year excessive of $155.55. The corporate’s fifty day transferring common is $138.87 and its two-hundred day transferring common is $137.04. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of 0.39 and a present ratio of 0.39.
The Hanover Insurance coverage Group (NYSE:THG – Get Ranking) final issued its earnings outcomes on Tuesday, November 1st. The insurance coverage supplier reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The corporate had income of $1.41 billion for the quarter, in comparison with analysts’ expectations of $1.37 billion. The Hanover Insurance coverage Group had a web margin of 5.42% and a return on fairness of 13.26%. Equities analysts anticipate that The Hanover Insurance coverage Group, Inc. will submit 8.76 EPS for the present yr.
The Hanover Insurance coverage Group Will increase Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Friday, December thirtieth. Shareholders of report on Thursday, December fifteenth have been issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized foundation and a dividend yield of two.52%. This can be a increase from The Hanover Insurance coverage Group’s earlier quarterly dividend of $0.75. The ex-dividend date was Wednesday, December 14th. The Hanover Insurance coverage Group’s dividend payout ratio is 40.15%.
Insiders Place Their Bets
In different information, EVP Mark Joseph Welzenbach bought 2,673 shares of the corporate’s inventory in a transaction dated Friday, November 4th. The shares have been bought at a median value of $142.21, for a complete transaction of $380,127.33. Following the completion of the transaction, the manager vp now owns 19,846 shares within the firm, valued at $2,822,299.66. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which could be accessed by way of this hyperlink. 2.50% of the inventory is owned by company insiders.
The Hanover Insurance coverage Group Firm Profile
The Hanover Insurance coverage Group, Inc is a holding firm that engages within the provision of property and casualty services. It operates by way of the next segments: Industrial Strains, Private Strains and Different. The Industrial Strains section contains industrial a number of peril, industrial vehicle, staff compensation and different industrial protection, corresponding to specialty program enterprise, inland marine, administration {and professional} legal responsibility and surety.
Learn Extra
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This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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