Kestra Investment Management LLC Boosts Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Kestra Investment Management LLC lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 26.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,745 shares of the insurance provider’s stock after purchasing an additional 370 shares during the period. Kestra Investment Management LLC’s holdings in The Hanover Insurance Group were worth $270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in The Hanover Insurance Group in the third quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 235 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. JMP Securities upped their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $175.25.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $159.22 on Thursday. The firm’s fifty day simple moving average is $155.88 and its 200-day simple moving average is $151.63. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $166.98. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.62 and a beta of 0.72. 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 Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data 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 net margin of 6.83% and a return on equity of 18.01%. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a yield of 2.26%. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

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.