31,705 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,705 shares of the insurance provider's stock, valued at approximately $4,903,000. Proficio Capital Partners LLC owned approximately 0.09% of The Hanover Insurance Group as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of THG. Massachusetts Financial Services Co. MA increased its holdings in The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock worth $219,883,000 after buying an additional 143,339 shares during the period. State Street Corp increased its holdings in The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after buying an additional 3,780 shares during the period. Geode Capital Management LLC increased its holdings in The Hanover Insurance Group by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock worth $97,816,000 after buying an additional 16,800 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in The Hanover Insurance Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock worth $54,733,000 after buying an additional 17,856 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in The Hanover Insurance Group by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock worth $53,996,000 after buying an additional 24,290 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on THG. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. BMO Capital Markets raised their price objective 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, Morgan Stanley raised their price objective 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $175.25.

The Hanover Insurance Group Stock Up 0.3 %

Shares of THG traded up $0.59 during midday trading on Thursday, hitting $171.23. The company had a trading volume of 224,250 shares, compared to its average volume of 183,613. The company's 50-day simple moving average is $160.82 and its 200-day simple moving average is $155.90. 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 firm has a market capitalization of $6.15 billion, a P/E ratio of 14.65 and a beta of 0.65. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $173.30.

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

The Hanover Insurance Group Dividend Announcement

The business 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group's payout ratio is currently 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.