New York State Common Retirement Fund Cuts Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

New York State Common Retirement Fund decreased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,559 shares of the insurance provider's stock after selling 2,100 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of The Hanover Insurance Group worth $4,262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in THG. Captrust Financial Advisors boosted its position in The Hanover Insurance Group by 4.7% during 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 in the last quarter. Venturi Wealth Management LLC raised 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 buying an additional 90 shares during the period. Truist Financial Corp grew its stake in shares of The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock valued at $313,000 after buying an additional 90 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in The Hanover Insurance Group by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider's stock valued at $2,176,000 after purchasing an additional 91 shares in the last quarter. Finally, Highland Capital Management LLC lifted its stake in The Hanover Insurance Group by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 1,669 shares of the insurance provider's stock worth $258,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Janney Montgomery Scott cut The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price on the stock. in a research report on Thursday, November 21st. Morgan Stanley raised their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised 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 note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $175.25.

The Hanover Insurance Group Stock Down 1.4 %

Shares of The Hanover Insurance Group stock traded down $2.47 during trading on Tuesday, hitting $170.54. The company's stock had a trading volume of 203,413 shares, compared to its average volume of 179,652. 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 company has a market capitalization of $6.13 billion, a PE ratio of 14.59 and a beta of 0.72. The company has a fifty day simple moving average of $157.47 and a two-hundred day simple moving average of $153.50. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $173.30.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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%. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.90 dividend. 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 (DPR) 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.