Vestcor Inc boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1,526.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,233 shares of the insurance provider's stock after acquiring an additional 15,235 shares during the quarter. Vestcor Inc's holdings in The Hanover Insurance Group were worth $2,511,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of THG. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after buying an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its position in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.
The Hanover Insurance Group Stock Performance
Shares of NYSE THG traded up $3.19 during trading on Friday, reaching $169.58. The stock had a trading volume of 285,567 shares, compared to its average volume of 183,782. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.30. The stock has a market cap of $6.09 billion, a PE ratio of 14.51 and a beta of 0.65. 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's 50 day moving average price is $159.73 and its two-hundred day moving average price is $155.45.
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 (EPS) 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%. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 2.12%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on THG shares. Janney Montgomery Scott cut The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a research report on Thursday, November 21st. Morgan Stanley raised their price target 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 raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. BMO Capital Markets raised their price target on 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, Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Five investment 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 presently has an average rating of "Hold" and a consensus target price of $175.25.
View Our Latest Stock Report on THG
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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