Tectonic Advisors LLC Raises Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Tectonic Advisors LLC boosted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,558 shares of the insurance provider’s stock after buying an additional 679 shares during the period. Tectonic Advisors LLC’s holdings in The Hanover Insurance Group were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Captrust Financial Advisors raised its position in shares of The Hanover Insurance Group by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 81 shares in the last quarter. Lecap Asset Management Ltd. raised its holdings in The Hanover Insurance Group by 2.0% in the third quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after purchasing an additional 84 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock worth $2,176,000 after purchasing an additional 91 shares in the last quarter. Highland Capital Management LLC lifted its position in shares of The Hanover Insurance Group by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 1,669 shares of the insurance provider’s stock valued at $258,000 after buying an additional 102 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of The Hanover Insurance Group by 35.4% in the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock valued at $62,000 after buying an additional 109 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the sale, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,100 shares of company stock valued at $1,951,223. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Stock Up 4.6 %

Shares of THG stock opened at $159.92 on Thursday. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $166.13. The firm has a market capitalization of $5.76 billion, a PE ratio of 15.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s 50-day simple moving average is $155.71 and its 200-day simple moving average is $149.69.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. Equities analysts expect that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.25%. The Hanover Insurance Group’s payout ratio is currently 35.71%.

Analysts Set New Price Targets

THG has been the subject of several recent analyst reports. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a “market perform” rating in a research report on Friday, January 10th. BMO Capital Markets raised their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Oppenheimer upped their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JMP Securities raised their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $174.88.

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.