Interval Partners LP Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Interval Partners LP purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,250 shares of the insurance provider’s stock, valued at approximately $2,349,000.

Several other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 97 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of The Hanover Insurance Group by 1.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after purchasing an additional 109 shares during the period. Retirement Systems of Alabama increased its stake in shares of The Hanover Insurance Group by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider’s stock valued at $5,438,000 after purchasing an additional 147 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of The Hanover Insurance Group by 9.5% in the fourth quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Finally, Oppenheimer raised their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.00.

Insiders Place Their Bets

In related news, Director Jane D. Carlin sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the transaction, the executive vice president now owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock traded down $0.78 during mid-day trading on Wednesday, hitting $138.08. The company’s stock had a trading volume of 49,212 shares, compared to its average volume of 172,354. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.96 billion, a P/E ratio of 31.13 and a beta of 0.68. The Hanover Insurance Group, Inc. has a twelve month low of $103.82 and a twelve month high of $139.25. The stock’s fifty day moving average price is $127.96 and its two-hundred day moving average price is $130.29.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.47. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. Research analysts forecast that The Hanover Insurance Group, Inc. will post 10.71 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.85 dividend. The ex-dividend date was Thursday, June 13th. This represents a $3.40 annualized dividend and a yield of 2.46%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

The Hanover Insurance Group Company 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.