Raymond James Financial Inc. Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Raymond James Financial Inc. acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,685 shares of the insurance provider's stock, valued at approximately $8,612,000. Raymond James Financial Inc. owned approximately 0.15% of The Hanover Insurance Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in The Hanover Insurance Group by 13.4% during the third quarter. Natixis Advisors LLC now owns 11,925 shares of the insurance provider's stock worth $1,766,000 after acquiring an additional 1,408 shares during the period. Pathstone Holdings LLC increased its holdings in shares of The Hanover Insurance Group by 3.4% during the third quarter. Pathstone Holdings LLC now owns 26,204 shares of the insurance provider's stock worth $3,881,000 after purchasing an additional 854 shares during the period. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 143,339 shares during the period. Charles Schwab Investment Management Inc. grew its position in The Hanover Insurance Group by 5.1% during the third 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 in the last quarter. Finally, Cerity Partners LLC increased its stake in The Hanover Insurance Group by 23.7% during the 3rd quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider's stock worth $832,000 after acquiring an additional 1,078 shares during the period. Institutional investors own 86.61% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. BMO Capital Markets increased their target price on 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 upped their target price 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. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $175.25.

The Hanover Insurance Group Trading Up 0.6 %

NYSE THG traded up $1.06 during trading hours on Wednesday, reaching $173.72. The company's stock had a trading volume of 180,514 shares, compared to its average volume of 184,828. 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 Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $175.33. The stock has a market cap of $6.24 billion, a P/E ratio of 14.86 and a beta of 0.65. The firm has a fifty day simple moving average of $162.48 and a 200-day simple moving average of $156.67.

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 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%. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed 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. This represents a $3.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, March 14th. 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.