Hanover Insurance Group (THG) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Hanover Insurance Group (NYSE:THG) from a buy rating to a hold rating in a research report released on Monday.

Separately, Zacks Investment Research lowered shares of Hanover Insurance Group from a strong-buy rating to a hold rating in a research note on Wednesday, January 10th.

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Shares of NYSE THG opened at $118.25 on Monday. Hanover Insurance Group has a twelve month low of $79.23 and a twelve month high of $121.06. The company has a market capitalization of $5,046.42, a P/E ratio of 25.00 and a beta of 0.96. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business earned ($0.46) EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts expect that Hanover Insurance Group will post 8.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 9th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. Hanover Insurance Group’s dividend payout ratio (DPR) is 45.57%.

In other news, SVP Warren E. Barnes sold 1,513 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total value of $164,099.98. Following the completion of the sale, the senior vice president now directly owns 6,333 shares in the company, valued at approximately $686,877.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Warren E. Barnes sold 1,547 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $110.60, for a total value of $171,098.20. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.

Several large investors have recently bought and sold shares of THG. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Hanover Insurance Group in the 4th quarter worth $44,145,000. Victory Capital Management Inc. increased its stake in shares of Hanover Insurance Group by 53.1% in the 4th quarter. Victory Capital Management Inc. now owns 893,113 shares of the insurance provider’s stock worth $96,528,000 after purchasing an additional 309,788 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Hanover Insurance Group by 27.4% in the 4th quarter. Franklin Resources Inc. now owns 1,034,600 shares of the insurance provider’s stock worth $111,819,000 after buying an additional 222,800 shares during the period. Assenagon Asset Management S.A. bought a new position in Hanover Insurance Group in the 4th quarter worth $20,085,000. Finally, Dividend Assets Capital LLC boosted its holdings in Hanover Insurance Group by 96.4% in the 4th quarter. Dividend Assets Capital LLC now owns 289,186 shares of the insurance provider’s stock worth $31,255,000 after buying an additional 141,926 shares during the period. Hedge funds and other institutional investors own 85.95% of the company’s stock.

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Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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