A&I Financial Services LLC Buys New Shares in The Hanover Insurance Group, Inc. (NYSE:THG)

A&I Financial Services LLC purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,501 shares of the insurance provider’s stock, valued at approximately $542,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in The Hanover Insurance Group during the third quarter worth approximately $30,000. Venturi Wealth Management LLC raised its stake in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 90 shares during the period. Eagle Bay Advisors LLC boosted its holdings in shares of The Hanover Insurance Group by 502.1% in 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 last quarter. Finally, GAMMA Investing LLC grew its stake in shares of The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after buying an additional 235 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on THG shares. 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 research note on Monday, February 10th. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research report on Thursday, November 21st. Oppenheimer lifted their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley increased their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Stock Performance

Shares of THG stock opened at $165.92 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $156.51 and its two-hundred day moving average price is $152.59. The firm has a market capitalization of $5.98 billion, a P/E ratio of 14.19 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $166.98.

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 return on equity of 18.01% and a net margin of 6.83%. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid 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 dividend yield of 2.17%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 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.