HighTower Advisors LLC increased its stake in Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 47.6% in the fourth quarter, according to the company in its recent 13F filing with the Securities and Exchange Commission (SEC ). ). The institutional investor owned 5,967 shares of the insurance provider after purchasing an additional 1,924 shares during the quarter. HighTower Advisors LLC’s shares in Hanover Insurance Group were valued at $817,000 at the time of the most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also increased or reduced their stakes in the company. Belpointe Asset Management LLC bought about $53,000 of a new position in Hanover Insurance Group stock during the fourth quarter. Covestor Ltd increased its stake in Hanover Insurance Group by 35.4% in the first quarter. Covestor Ltd now owns 520 shares of the insurance provider, valued at $78,000, after purchasing a further 136 shares during the period. Quantbot Technologies LP increased its stake in Hanover Insurance Group by 45.7% in the first quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider, valued at $81,000, after purchasing an additional 170 shares during the period. Rockefeller Capital Management LP increased its stake in Hanover Insurance Group stock by 61.8% in the third quarter. Rockefeller Capital Management LP now owns 702 shares of the insurance provider, valued at $89,000, after purchasing an additional 268 shares during the period. Finally, Van ECK Associates Corp increased its stake in Hanover Insurance Group by 8.4% during the fourth quarter. Van ECK Associates Corp now owns 1,095 shares of the insurance provider, valued at $148,000, after purchasing an additional 85 shares during the period. 86.39% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts forecast growth
Several research companies have published reports on GHG. Piper Sandler raised her price target on The Hanover Insurance Group to $159.00 from $153.00, giving the company a neutral rating in a research note on Tuesday, April 4. Keefe, Bruyette & Woods lowered their target price on The Hanover Insurance Group to $141.00 from $148.00 in a report Tuesday, April 18, and rated the company a “market performer.” Bank of America downgraded Hanover Insurance Group from a “buy” rating to a “neutral” rating and lowered its price target on the company to 130 from $142.00 in a report Thursday, May 18. $00. JMP Securities reiterated its outperform market rating and price target of $170.00 for Hanover Insurance Group shares in a research report on Friday, February 3. Finally, on Thursday, May 18, StockNews.com began reporting on The Hanover Insurance Group in a research report. They gave the company a “hold” rating. Six investment analysts rated the stock as ‘hold’ and two gave it a ‘buy’ rating. Hanover Insurance Group has a consensus rating of Hold and a consensus price target of $150.71, according to data from MarketBeat.
Insider transactions at Hanover Insurance Group
In addition, SVP Warren E. Barnes sold 862 shares of the company’s shares in a transaction on Wednesday, March 1st. The stock sold at an average price of $138.51 for a total transaction of $119,395.62. Following the sale, the senior vice president now owns 4,075 shares of the company, valued at approximately $564,428.25. The sale was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. Company insiders own 2.50% of the company’s stock.
Hanover Insurance Group share price
NYSE THG opened at $112.32 on Tuesday. The stock has a market cap of $4.01 billion, a P/E of -3,742.75, a P/E ratio of 0.44, and a beta of 0.69. The company has a current ratio of 0.37, a short-term ratio of 0.37 and a leverage ratio of 0.33. Hanover Insurance Group, Inc. has a 12-month low of $111.04 and a 12-month high of $149.64. The stock has a 50-day simple moving average of $122.28 and a 200-day simple moving average of $132.33.
Hanover Insurance Group (NYSE:THG – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The insurer reported earnings per share (EPS) of $0.13 for the quarter, beating the consensus estimate of $0.07 by $0.06. The company made $1.44 billion in revenue for the quarter, compared to analysts’ expectations of $1.47 billion. The Hannover Insurance Group achieved a positive return on equity of 3.62% and a negative net margin of 0.01%. In the same quarter last year, the company posted earnings per share of $3.26. Equity analysts expect Hanover Insurance Group, Inc. to report earnings per share of 6.88 for the current year.
Hanover Insurance Group Profile (Get Rating)
Hanover Insurance Group, Inc. is a holding company engaged in the provision of property and casualty insurance products and services. The Company operates through the following segments: Core Business, Specialty Business, Retail Business and Other. The core business segment includes commercial multi-line insurance, commercial auto insurance, workers’ compensation insurance and other core commercial insurance such as general liability, commercial umbrella insurance and monoline property insurance.
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