Teacher Retirement System of Texas Acquires 19,548 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Teacher Retirement System of Texas raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,169 shares of the insurance provider’s stock after buying an additional 19,548 shares during the quarter. Teacher Retirement System of Texas owned 0.18% of The Hanover Insurance Group worth $10,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its holdings in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after buying an additional 10,341 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in The Hanover Insurance Group in the 4th quarter valued at $201,000. BNP Paribas Financial Markets boosted its stake in shares of The Hanover Insurance Group by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after purchasing an additional 6,112 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of 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 purchasing an additional 5,194 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of The Hanover Insurance Group by 42.5% in the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock valued at $7,128,000 after purchasing an additional 13,750 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 0.5 %

Shares of NYSE THG opened at $170.21 on Friday. The firm’s 50-day simple moving average is $161.64 and its 200 day simple moving average is $156.23. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 14.56 and a beta of 0.65. 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, Inc. has a 12-month low of $119.66 and a 12-month high of $173.30.

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%. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The Hanover Insurance Group’s payout ratio is presently 30.80%.

Analysts Set New Price Targets

THG has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their target price 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. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Hold” and an average price target 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.