The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,129 shares of the insurance provider’s stock after acquiring an additional 395 shares during the period. Atria Investments Inc’s holdings in The Hanover Insurance Group were worth $484,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in The Hanover Insurance Group during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the 3rd quarter worth about $30,000. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

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

The Hanover Insurance Group Trading Up 1.9 %

THG opened at $169.58 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 14.51 and a beta of 0.65. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $173.30. The business’s 50 day moving average is $159.73 and its two-hundred day moving average is $155.34. 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 released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 2.12%. The ex-dividend date is Friday, March 14th. 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.