Entropy Technologies LP purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,502 shares of the insurance provider's stock, valued at approximately $851,000.
Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after buying an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth about $201,000. BNP Paribas Financial Markets lifted its holdings in The Hanover Insurance Group by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock worth $1,772,000 after buying an additional 6,112 shares during the last quarter. HighTower Advisors LLC lifted its holdings 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 during the last quarter. Finally, Oak Thistle LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth about $1,046,000. 86.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on THG. Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Piper Sandler boosted their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Janney Montgomery Scott downgraded The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price for the company. in a report on Thursday, November 21st. JMP Securities boosted their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Finally, Morgan Stanley boosted their target price 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $175.25.
Check Out Our Latest Stock Report on The Hanover Insurance Group
The Hanover Insurance Group Stock Performance
THG stock traded down $1.12 during trading on Friday, hitting $162.78. The company had a trading volume of 263,243 shares, compared to its average volume of 215,640. The firm has a market cap of $5.86 billion, a PE ratio of 13.92 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $166.98. The firm has a 50-day moving average price of $155.64 and a 200-day moving average price of $151.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.
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, 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 expect that The Hanover Insurance Group, Inc. will post 14.11 earnings per share for the current year.
The Hanover Insurance Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group's dividend payout ratio is 30.80%.
About The Hanover Insurance Group
(
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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