Xponance Inc. Has $636,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Xponance Inc. boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,112 shares of the insurance provider’s stock after buying an additional 238 shares during the period. Xponance Inc.’s holdings in The Hanover Insurance Group were worth $636,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of THG. State Street Corp lifted its holdings in shares of The Hanover Insurance Group by 0.3% during the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after acquiring an additional 3,780 shares during the period. Geode Capital Management LLC lifted its stake in The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock worth $97,816,000 after purchasing an additional 16,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock valued at $54,733,000 after purchasing an additional 17,856 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of The Hanover Insurance Group by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider’s stock valued at $53,996,000 after purchasing an additional 24,290 shares during the last quarter. Finally, Markel Group Inc. raised its holdings in shares of The Hanover Insurance Group by 5.1% during the 4th quarter. Markel Group Inc. now owns 267,000 shares of the insurance provider’s stock worth $41,294,000 after buying an additional 13,000 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on THG. Morgan Stanley raised their price objective on 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. Keefe, Bruyette & Woods boosted 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. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their price target 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Trading Up 0.2 %

NYSE:THG opened at $172.81 on Wednesday. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $174.00. 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 firm’s fifty day moving average is $162.48 and its 200-day moving average is $156.67. The firm has a market cap of $6.21 billion, a P/E ratio of 14.78 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating analysts’ consensus estimates 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 analysts expect 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 announced 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 dividend on an annualized basis and a yield of 2.08%. 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.