Intrust Bank NA Acquires 788 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Intrust Bank NA increased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,801 shares of the insurance provider’s stock after acquiring an additional 788 shares during the period. Intrust Bank NA’s holdings in The Hanover Insurance Group were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THG. Charles Schwab Investment Management Inc. grew its holdings in The Hanover Insurance Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock valued at $54,733,000 after buying an additional 17,856 shares in the last quarter. Cerity Partners LLC lifted its position in shares of The Hanover Insurance Group by 23.7% in the third quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider’s stock worth $832,000 after buying an additional 1,078 shares in the last quarter. FMR LLC boosted its stake in The Hanover Insurance Group by 11.5% during the third quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after buying an additional 17,583 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in The Hanover Insurance Group by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after buying an additional 6,112 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in The Hanover Insurance Group by 11.0% in the 3rd quarter. Martingale Asset Management L P now owns 1,802 shares of the insurance provider’s stock worth $267,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 1.2 %

NYSE:THG opened at $172.55 on Friday. The stock has a fifty day simple moving average of $163.46 and a 200-day simple moving average of $157.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 14.76 and a beta of 0.65. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.00.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.09%. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley lifted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets increased their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $175.25.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 200 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

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.