Amundi Acquires 260 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Amundi lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,192 shares of the insurance provider’s stock after purchasing an additional 260 shares during the period. Amundi’s holdings in The Hanover Insurance Group were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THG. Massachusetts Financial Services Co. MA lifted its position in The Hanover Insurance Group by 10.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock worth $219,883,000 after buying an additional 143,339 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of The Hanover Insurance Group during the fourth quarter worth approximately $8,612,000. Point72 Asset Management L.P. grew its stake in shares of The Hanover Insurance Group by 40.2% during the third quarter. Point72 Asset Management L.P. now owns 164,130 shares of the insurance provider’s stock valued at $24,309,000 after purchasing an additional 47,071 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in The Hanover Insurance Group in the 4th quarter worth approximately $5,276,000. Finally, Proficio Capital Partners LLC bought a new position in The Hanover Insurance Group in the 4th quarter worth approximately $4,903,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. 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 research report on Thursday, November 21st. BMO Capital Markets lifted their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley upped 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 report on Thursday, February 6th. Keefe, Bruyette & Woods lifted 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 research report on Monday, February 10th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five equities research 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 currently has a consensus rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Stock Down 0.9 %

Shares of NYSE THG opened at $169.35 on Wednesday. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $173.30. 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 stock has a market cap of $6.08 billion, a P/E ratio of 14.49 and a beta of 0.65. The firm has a 50 day moving average price of $160.46 and a 200 day moving average price of $155.79.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.13%. The Hanover Insurance Group’s dividend payout ratio (DPR) 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.