Retirement Systems of Alabama Increases Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Retirement Systems of Alabama grew its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. 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’s holdings in The Hanover Insurance Group were worth $5,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after buying an additional 84 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after buying an additional 352 shares during the last quarter. Assetmark Inc. raised its holdings in shares of The Hanover Insurance Group by 13.8% in the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC raised its holdings in The Hanover Insurance Group by 37.9% during the third quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 292 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in The Hanover Insurance Group during the fourth quarter worth about $197,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on THG shares. Keefe, Bruyette & Woods increased their price target on shares of 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. StockNews.com raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Piper Sandler reissued an “overweight” rating and set a $147.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 1st. JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 15th. Finally, Oppenheimer increased their price target on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

The Hanover Insurance Group Trading Up 2.3 %

Shares of The Hanover Insurance Group stock opened at $133.64 on Monday. The company has a 50-day moving average of $130.71 and a two-hundred day moving average of $126.49. The stock has a market cap of $4.80 billion, a PE ratio of 29.96 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given 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 2.54%. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

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.