C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.07 Million in The Hanover Insurance Group, Inc. (NYSE:THG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,942 shares of the insurance provider’s stock, valued at approximately $1,074,000.

A number of other hedge funds also recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in The Hanover Insurance Group during the fourth quarter valued at about $851,000. Empowered Funds LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at about $1,292,000. Tectonic Advisors LLC boosted its holdings in The Hanover Insurance Group by 23.6% during the 4th quarter. Tectonic Advisors LLC now owns 3,558 shares of the insurance provider’s stock valued at $550,000 after acquiring an additional 679 shares during the period. Trust Point Inc. boosted its holdings in The Hanover Insurance Group by 9.1% during the 4th quarter. Trust Point Inc. now owns 2,226 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 185 shares during the period. Finally, Hodges Capital Management Inc. grew its position in The Hanover Insurance Group by 48.8% during the 4th quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider’s stock worth $11,832,000 after acquiring an additional 25,089 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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 report on Thursday, October 31st. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday. BMO Capital Markets increased their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.25.

The Hanover Insurance Group Trading Up 2.4 %

THG opened at $163.91 on Friday. The stock has a market cap of $5.91 billion, a PE ratio of 14.02 and a beta of 0.72. The business has a 50 day moving average of $155.61 and a 200-day moving average of $150.76. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $166.98. 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 (NYSE:THG) last issued its quarterly earnings results 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 net margin of 6.83% and a return on equity of 18.01%. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.11 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.90 dividend. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, December 13th. The Hanover Insurance Group’s payout ratio is currently 30.80%.

About The Hanover Insurance Group

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.