FourThought Financial Partners LLC Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

FourThought Financial Partners LLC acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,659 shares of the insurance provider's stock, valued at approximately $257,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 90 shares during the period. Truist Financial Corp boosted its position in shares of The Hanover Insurance Group by 4.7% during the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider's stock valued at $2,176,000 after acquiring an additional 91 shares during the period. Finally, Highland Capital Management LLC increased its stake in The Hanover Insurance Group by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 1,669 shares of the insurance provider's stock valued at $258,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently commented on the company. Janney Montgomery Scott downgraded 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. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Morgan Stanley increased their target price on shares of 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, Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Hold" and an average target price of $175.25.

The Hanover Insurance Group Stock Performance

NYSE THG traded up $4.46 during trading hours on Friday, reaching $170.46. 384,119 shares of the company were exchanged, compared to its average volume of 225,842. The stock has a market capitalization of $6.14 billion, a P/E ratio of 14.58 and a beta of 0.72. 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, Inc. has a 1 year low of $119.66 and a 1 year high of $170.61. The business's 50 day simple moving average is $157.08 and its 200-day simple moving average is $153.09.

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 net margin of 6.83% and a return on equity of 18.01%. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

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.