A&I Financial Services LLC acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,501 shares of the insurance provider's stock, valued at approximately $542,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after purchasing an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at $201,000. BNP Paribas Financial Markets raised its holdings in shares of The Hanover Insurance Group by 104.4% in the third 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 during the last quarter. HighTower Advisors LLC lifted its position in The Hanover Insurance Group by 82.4% during the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock worth $1,702,000 after buying an additional 5,194 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in The Hanover Insurance Group by 42.5% during the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock worth $7,128,000 after acquiring an additional 13,750 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.
The Hanover Insurance Group Trading Up 1.4 %
THG traded up $2.47 during midday trading on Monday, reaching $173.00. 499,442 shares of the company were exchanged, compared to its average volume of 179,550. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $6.22 billion, a P/E ratio of 14.80 and a beta of 0.72. The stock's 50-day simple moving average is $157.08 and its 200 day simple moving average is $153.23. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.45.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.
The Hanover Insurance Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group's payout ratio is presently 30.80%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on THG shares. Keefe, Bruyette & Woods upped their target price 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. Janney Montgomery Scott downgraded The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a report on Thursday, November 21st. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Morgan Stanley raised their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets lifted their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $175.25.
Check Out Our Latest Research Report on The Hanover Insurance Group
The Hanover Insurance Group Company Profile
(
Free Report)
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.
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