Victory Capital Management Inc. Has $120.72 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Victory Capital Management Inc. trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 780,559 shares of the insurance provider's stock after selling 20,723 shares during the period. Victory Capital Management Inc. owned 2.17% of The Hanover Insurance Group worth $120,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $219,883,000 after buying an additional 143,339 shares during the last quarter. Point72 Asset Management L.P. increased its position in The Hanover Insurance Group by 40.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 164,130 shares of the insurance provider's stock valued at $24,309,000 after acquiring an additional 47,071 shares during the period. Assenagon Asset Management S.A. bought a new stake in The Hanover Insurance Group during the 4th quarter valued at $5,276,000. Proficio Capital Partners LLC acquired a new position in The Hanover Insurance Group during the 4th quarter worth $4,903,000. Finally, Hodges Capital Management Inc. grew its stake in shares of The Hanover Insurance Group by 48.8% in the fourth quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock worth $11,832,000 after purchasing an additional 25,089 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

THG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Morgan Stanley upped their price target on shares of 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. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price 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. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Hold" and an average target price of $175.25.

The Hanover Insurance Group Price Performance

Shares of NYSE THG traded down $2.75 during trading on Friday, hitting $166.51. The company had a trading volume of 227,960 shares, compared to its average volume of 181,870. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $173.30. The business's 50-day moving average is $158.54 and its 200 day moving average is $154.18. The company has a market cap of $5.98 billion, a P/E ratio of 14.24 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping 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 predict 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

The Hanover Insurance Group Profile

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.