Proficio Capital Partners LLC Buys New Shares in The Hanover Insurance Group, Inc. (NYSE:THG)

Proficio Capital Partners LLC bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,705 shares of the insurance provider's stock, valued at approximately $4,903,000. Proficio Capital Partners LLC owned about 0.09% of The Hanover Insurance Group as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Amalgamated Bank grew its stake in shares of The Hanover Insurance Group by 1.3% in the 4th quarter. Amalgamated Bank now owns 17,118 shares of the insurance provider's stock worth $2,647,000 after acquiring an additional 221 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in The Hanover Insurance Group in the 4th quarter worth about $257,000. Bank of New York Mellon Corp lifted its position in shares of The Hanover Insurance Group by 7.5% during the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock worth $53,996,000 after buying an additional 24,290 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $661,000. Finally, Handelsbanken Fonder AB increased its position in shares of The Hanover Insurance Group by 11.6% during the fourth quarter. Handelsbanken Fonder AB now owns 8,637 shares of the insurance provider's stock valued at $1,336,000 after acquiring an additional 900 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock traded down $2.75 during trading hours on Friday, reaching $166.51. The company had a trading volume of 227,084 shares, compared to its average volume of 181,409. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.30. The firm has a market cap of $5.98 billion, a PE ratio of 14.24 and a beta of 0.65. The business has a fifty day simple moving average of $158.30 and a 200 day simple moving average of $153.97.

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The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on THG shares. BMO Capital Markets upped their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, Morgan Stanley lifted their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $175.25.

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.