FourThought Financial Partners LLC Invests $257,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

FourThought Financial Partners LLC acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,659 shares of the insurance provider’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of The Hanover Insurance Group by 61.5% during the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in The Hanover Insurance Group during the 4th quarter worth $201,000. BNP Paribas Financial Markets increased its position in The Hanover Insurance Group by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after buying an additional 6,112 shares in the last quarter. HighTower Advisors LLC raised its stake in The Hanover Insurance Group by 82.4% in the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after buying an additional 5,194 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in The Hanover Insurance Group by 42.5% in the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after acquiring an additional 13,750 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analysts Forecast Growth

THG has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Oppenheimer upped their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets boosted their price objective on shares of 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, JMP Securities upped their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Trading Down 0.4 %

Shares of The Hanover Insurance Group stock opened at $161.25 on Thursday. The stock has a market cap of $5.81 billion, a PE ratio of 13.79 and a beta of 0.72. The firm has a fifty day moving average price of $156.51 and a 200 day moving average price of $152.59. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $166.98. 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 released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating 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%. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s payout ratio is presently 30.80%.

The Hanover Insurance Group 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.