Raymond James & Associates Buys 761 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Raymond James & Associates lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,706 shares of the insurance provider’s stock after acquiring an additional 761 shares during the quarter. Raymond James & Associates’ holdings in The Hanover Insurance Group were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $197,000. Everhart Financial Group Inc. acquired a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $269,000. Handelsinvest Investeringsforvaltning acquired a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $389,000. Vanguard Group Inc. grew its stake in The Hanover Insurance Group by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,610,736 shares of the insurance provider’s stock worth $400,719,000 after purchasing an additional 22,047 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in The Hanover Insurance Group by 92.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,281 shares of the insurance provider’s stock worth $1,363,000 after purchasing an additional 5,892 shares during the period. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on THG shares. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and issued a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Finally, StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.83.

Insider Activity

In related news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares in the company, valued at $473,677.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Up 0.5 %

THG stock opened at $127.21 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $103.82 and a twelve month high of $138.00. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $131.41 and its 200-day moving average is $124.92. The firm has a market capitalization of $4.57 billion, a PE ratio of 135.33 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.85 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.67%. The Hanover Insurance Group’s dividend payout ratio is presently 361.70%.

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.