The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC lifted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,745 shares of the insurance provider’s stock after acquiring an additional 370 shares during the period. Kestra Investment Management LLC’s holdings in The Hanover Insurance Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in THG. Barclays PLC boosted its stake in The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after purchasing an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in The Hanover Insurance Group during the fourth quarter worth about $201,000. BNP Paribas Financial Markets boosted its position in The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock worth $1,772,000 after acquiring an additional 6,112 shares during the last quarter. HighTower Advisors LLC raised its holdings in The Hanover Insurance Group by 82.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after acquiring an additional 5,194 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in The Hanover Insurance Group in the 4th quarter worth approximately $1,046,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Down 0.8 %

The Hanover Insurance Group stock opened at $159.22 on Thursday. The company has a market capitalization of $5.74 billion, a PE ratio of 13.62 and a beta of 0.72. 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, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $166.98. The firm has a 50 day moving average price of $155.88 and a 200 day moving average price of $151.63.

The Hanover Insurance Group (NYSE:THG) last issued 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%. Research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.26%. The Hanover Insurance Group’s dividend payout ratio is 30.80%.

Analysts Set New Price Targets

THG has been the subject of a number of analyst reports. Janney Montgomery Scott lowered 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. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Oppenheimer upped their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley lifted their target price 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. Finally, JMP Securities increased their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.25.

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.