Trillium Asset Management LLC decreased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 51,714 shares of the insurance provider's stock after selling 2,197 shares during the period. Trillium Asset Management LLC owned approximately 0.14% of The Hanover Insurance Group worth $7,998,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of THG. Xponance Inc. boosted its position in shares of The Hanover Insurance Group by 6.1% in the fourth quarter. Xponance Inc. now owns 4,112 shares of the insurance provider's stock worth $636,000 after buying an additional 238 shares during the period. Parallel Advisors LLC lifted its position in The Hanover Insurance Group by 9.0% during the 4th quarter. Parallel Advisors LLC now owns 3,501 shares of the insurance provider's stock worth $542,000 after acquiring an additional 288 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in The Hanover Insurance Group in the 4th quarter worth approximately $72,000. Envestnet Portfolio Solutions Inc. grew its position in The Hanover Insurance Group by 9.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,276 shares of the insurance provider's stock valued at $971,000 after acquiring an additional 517 shares in the last quarter. Finally, Ironwood Investment Management LLC raised its stake in shares of The Hanover Insurance Group by 0.9% during the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock valued at $1,501,000 after purchasing an additional 85 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.
The Hanover Insurance Group Stock Performance
NYSE:THG traded up $2.48 during trading hours on Monday, reaching $172.53. 145,612 shares of the stock were exchanged, compared to its average volume of 184,941. The stock has a market capitalization of $6.20 billion, a P/E ratio of 14.76 and a beta of 0.65. The firm has a 50 day simple moving average of $161.64 and a 200-day simple moving average of $156.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. 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 announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (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, sell-side analysts forecast 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. Investors of record on Friday, March 14th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.
Analyst Ratings Changes
Several research analysts have recently weighed in on THG shares. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on shares of 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. BMO Capital Markets lifted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, Morgan Stanley increased their price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Hold" and an average target price of $175.25.
Get Our Latest Analysis on The Hanover Insurance Group
About The Hanover Insurance Group
(
Free Report)
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.
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