Raymond James Financial Inc. Buys New Shares in The Hanover Insurance Group, Inc. (NYSE:THG)

Raymond James Financial Inc. purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 55,685 shares of the insurance provider's stock, valued at approximately $8,612,000. Raymond James Financial Inc. owned about 0.15% of The Hanover Insurance Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in THG. Massachusetts Financial Services Co. MA raised its stake in The Hanover Insurance Group by 10.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock worth $219,883,000 after purchasing an additional 143,339 shares during the period. State Street Corp grew its stake in The Hanover Insurance Group by 0.3% in the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after purchasing an additional 3,780 shares in the last quarter. Geode Capital Management LLC raised its stake in The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock valued at $97,816,000 after buying an additional 16,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 acquiring an additional 17,856 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $53,996,000 after acquiring an additional 24,290 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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The Hanover Insurance Group Stock Performance

Shares of NYSE:THG traded up $1.12 during midday trading on Monday, hitting $171.17. The company's stock had a trading volume of 48,951 shares, compared to its average volume of 239,246. 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 stock's 50 day simple moving average is $161.64 and its 200 day simple moving average is $156.29. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 14.64 and a beta of 0.65. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $173.30.

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 EPS 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, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on THG. 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. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price 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. Finally, Morgan Stanley upped 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's stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of "Hold" and an average price target of $175.25.

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.