Entropy Technologies LP Acquires New Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Entropy Technologies LP acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,502 shares of the insurance provider’s stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new stake in The Hanover Insurance Group in the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the 3rd quarter valued at $30,000. Eagle Bay Advisors LLC increased its position in shares of 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 valued at $44,000 after purchasing an additional 236 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after buying an additional 235 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 0.7 %

NYSE:THG opened at $160.83 on Wednesday. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $166.98. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 13.76 and a beta of 0.72. 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 business’s fifty day moving average price is $155.69 and its 200 day moving average price is $150.70.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results 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%. On average, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.11 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer lifted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. 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. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Company 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.