Teacher Retirement System of Texas Purchases 19,548 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Teacher Retirement System of Texas increased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,169 shares of the insurance provider's stock after acquiring an additional 19,548 shares during the period. Teacher Retirement System of Texas owned 0.18% of The Hanover Insurance Group worth $10,234,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AMG National Trust Bank boosted its holdings in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after buying an additional 71 shares during the period. Captrust Financial Advisors lifted its position in The Hanover Insurance Group by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock worth $270,000 after acquiring an additional 81 shares during the last quarter. Ironwood Investment Management LLC lifted its position in The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after acquiring an additional 85 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in The Hanover Insurance Group by 49.5% during the fourth 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. Finally, Truist Financial Corp grew its position 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 purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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The Hanover Insurance Group Price Performance

Shares of NYSE:THG traded up $1.06 during midday trading on Wednesday, reaching $173.72. 180,514 shares of the company's stock were exchanged, compared to its average volume of 238,332. The firm has a market capitalization of $6.24 billion, a PE ratio of 14.86 and a beta of 0.65. The company's 50 day simple moving average is $162.48 and its two-hundred day simple moving average is $156.67. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $175.88. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data 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 return on equity of 18.01% and a net margin of 6.83%. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.07%. The Hanover Insurance Group's payout ratio is presently 30.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on THG. 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 note 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 shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Finally, Morgan Stanley upped 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 research note on Thursday, February 6th. Five investment 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 company currently has a consensus rating of "Hold" and an average target price 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.