Raymond James & Associates Buys 761 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Raymond James & Associates raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,706 shares of the insurance provider’s stock after purchasing an additional 761 shares during the period. Raymond James & Associates’ holdings in The Hanover Insurance Group were worth $1,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in The Hanover Insurance Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,690,436 shares of the insurance provider’s stock valued at $472,893,000 after purchasing an additional 10,204 shares during the last quarter. BlackRock Inc. raised its position in The Hanover Insurance Group by 1.6% during the 1st quarter. BlackRock Inc. now owns 3,235,297 shares of the insurance provider’s stock valued at $483,743,000 after purchasing an additional 50,073 shares during the last quarter. State Street Corp raised its position in The Hanover Insurance Group by 0.7% during the 2nd quarter. State Street Corp now owns 1,145,013 shares of the insurance provider’s stock valued at $129,421,000 after purchasing an additional 8,158 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in The Hanover Insurance Group by 0.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 988,986 shares of the insurance provider’s stock valued at $133,642,000 after purchasing an additional 5,802 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in The Hanover Insurance Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 950,037 shares of the insurance provider’s stock valued at $105,435,000 after purchasing an additional 3,635 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $127.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.57 billion, a P/E ratio of 135.33 and a beta of 0.67. The stock’s 50 day moving average is $131.41 and its 200 day moving average is $124.92. The Hanover Insurance Group, Inc. has a twelve month low of $103.82 and a twelve month high of $138.00.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.62. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a dividend yield of 2.67%. The Hanover Insurance Group’s payout ratio is currently 361.70%.

Insider Buying and Selling

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares in the company, valued at approximately $473,677.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on THG shares. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. JMP Securities reiterated a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a report on Monday. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.83.

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.