Retirement Systems of Alabama Acquires 147 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Retirement Systems of Alabama lifted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,790 shares of the insurance provider’s stock after buying an additional 147 shares during the period. Retirement Systems of Alabama owned about 0.13% of The Hanover Insurance Group worth $5,438,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in shares of The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after buying an additional 84 shares during the last quarter. Assetmark Inc. grew its holdings in The Hanover Insurance Group by 13.8% during the 3rd quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System grew its holdings in The Hanover Insurance Group by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,172 shares of the insurance provider’s stock valued at $1,129,000 after purchasing an additional 139 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its holdings in The Hanover Insurance Group by 3.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,948 shares of the insurance provider’s stock valued at $438,000 after purchasing an additional 144 shares during the last quarter. Finally, Signaturefd LLC grew its stake in The Hanover Insurance Group by 14.5% in the 4th quarter. Signaturefd LLC now owns 1,216 shares of the insurance provider’s stock worth $148,000 after acquiring an additional 154 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Price Performance

Shares of THG opened at $133.64 on Monday. The Hanover Insurance Group, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $138.00. The company has a 50 day moving average price of $130.71 and a 200-day moving average price of $126.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.38. The stock has a market capitalization of $4.80 billion, a PE ratio of 29.96 and a beta of 0.67.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a dividend yield of 2.54%. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer upped their target price on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. JMP Securities restated a “market outperform” rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 15th. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Piper Sandler restated an “overweight” rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Finally, TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

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.