Creative Financial Designs Inc. ADV Makes New $72,000 Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Creative Financial Designs Inc. ADV acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 467 shares of the insurance provider’s stock, valued at approximately $72,000.

Several other hedge funds also recently made changes to their positions in THG. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group during the third quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 90 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on THG shares. Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective on the stock. in a report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Price Performance

Shares of THG opened at $171.23 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $173.30. The stock’s 50 day moving average is $161.19 and its two-hundred day moving average is $156.00. The firm has a market capitalization of $6.15 billion, a PE ratio of 14.65 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last announced 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 anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 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.