C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $1.07 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,942 shares of the insurance provider's stock, valued at approximately $1,074,000.

Several other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its position in shares of The Hanover Insurance Group by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock valued at $219,883,000 after purchasing an additional 143,339 shares in the last quarter. State Street Corp grew its position in shares of The Hanover Insurance Group by 0.3% in the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock valued at $183,612,000 after purchasing an additional 3,780 shares in the last quarter. Geode Capital Management LLC grew its position in shares of The Hanover Insurance Group by 2.6% in the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock valued at $97,816,000 after purchasing an additional 16,800 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of The Hanover Insurance Group by 14,711.0% in the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock valued at $81,823,000 after purchasing an additional 548,720 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of The Hanover Insurance Group by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock valued at $54,733,000 after purchasing an additional 17,856 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

THG stock traded down $1.71 during mid-day trading on Friday, hitting $156.84. 248,173 shares of the stock were exchanged, compared to its average volume of 223,364. 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 business has a fifty day moving average price of $155.95 and a 200 day moving average price of $151.68. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $166.98. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 13.42 and a beta of 0.72.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, December 13th. This is a positive change from The Hanover Insurance Group's previous quarterly dividend of $0.85. The Hanover Insurance Group's payout ratio is 30.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Piper Sandler lifted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. JMP Securities lifted their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Finally, Morgan Stanley lifted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Five research 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 presently has an average rating of "Hold" and a consensus target price of $175.25.

About The Hanover Insurance Group

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.