FourThought Financial LLC Purchases 112 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

FourThought Financial LLC raised its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 9.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,338 shares of the insurance provider’s stock after acquiring an additional 112 shares during the period. FourThought Financial LLC’s holdings in The Hanover Insurance Group were worth $171,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC boosted its position in shares of The Hanover Insurance Group by 55.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 72 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in The Hanover Insurance Group during the 2nd quarter valued at $47,000. Riverview Trust Co raised its holdings in The Hanover Insurance Group by 48.2% during the 3rd quarter. Riverview Trust Co now owns 338 shares of the insurance provider’s stock valued at $43,000 after buying an additional 110 shares during the period. Assetmark Inc. raised its holdings in The Hanover Insurance Group by 40.6% during the 3rd quarter. Assetmark Inc. now owns 343 shares of the insurance provider’s stock valued at $44,000 after buying an additional 99 shares during the period. Finally, Covestor Ltd grew its position in The Hanover Insurance Group by 35.4% in the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 136 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

THG has been the topic of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $170.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, February 3rd. StockNews.com initiated coverage on The Hanover Insurance Group in a research report on Thursday. They issued a “hold” rating on the stock. Piper Sandler upped their price objective on The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Morgan Stanley upped their price objective on The Hanover Insurance Group from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 22nd. Finally, BMO Capital Markets began coverage on The Hanover Insurance Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $155.20.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 862 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $138.51, for a total value of $119,395.62. Following the transaction, the senior vice president now owns 4,075 shares of the company’s stock, valued at approximately $564,428.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $121.57 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $119.82 and a twelve month high of $155.55. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 0.34 and a beta of 0.68. The stock has a fifty day simple moving average of $136.29 and a two-hundred day simple moving average of $137.02. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.34.

The Hanover Insurance Group (NYSE:THG – Get Rating) last issued its earnings results on Wednesday, February 1st. The insurance provider reported ($1.05) earnings per share for the quarter, hitting the consensus estimate of ($1.05). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a return on equity of 7.98% and a net margin of 2.12%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.38 EPS. On average, analysts predict that The Hanover Insurance Group, Inc. will post 9.72 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $3.24 dividend on an annualized basis and a yield of 2.67%. The Hanover Insurance Group’s dividend payout ratio is presently 100.93%.

About The Hanover Insurance Group

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.