Teacher Retirement System of Texas Has $10.23 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Teacher Retirement System of Texas raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 41.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 66,169 shares of the insurance provider’s stock after acquiring an additional 19,548 shares during the quarter. Teacher Retirement System of Texas’ holdings in The Hanover Insurance Group were worth $10,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake in shares of The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after acquiring an additional 143,339 shares during the last quarter. State Street Corp increased its stake in shares of The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock valued at $183,612,000 after acquiring an additional 3,780 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after acquiring an additional 16,800 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of The Hanover Insurance Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock valued at $54,733,000 after acquiring an additional 17,856 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of The Hanover Insurance Group by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider’s stock valued at $53,996,000 after acquiring an additional 24,290 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Down 0.5 %

NYSE:THG opened at $170.21 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $173.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $161.64 and a two-hundred day moving average price of $156.23. The company has a market cap of $6.12 billion, a P/E ratio of 14.56 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. As a group, analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%.

Analyst Ratings Changes

THG has been the subject of a number of recent analyst reports. 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 research note on Thursday, December 19th. Keefe, Bruyette & Woods increased 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 note on Monday, February 10th. Morgan Stanley increased their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.25.

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.