New York State Common Retirement Fund Has $4.26 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

New York State Common Retirement Fund lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,559 shares of the insurance provider’s stock after selling 2,100 shares during the quarter. New York State Common Retirement Fund owned 0.08% of The Hanover Insurance Group worth $4,262,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in THG. True Wealth Design LLC acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its stake in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the period. Eagle Bay Advisors LLC increased its stake in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after buying an additional 236 shares during the period. Finally, GAMMA Investing LLC increased its stake in 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 buying an additional 235 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

NYSE THG opened at $170.46 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $156.75 and a 200 day simple moving average of $152.68. The company has a market cap of $6.14 billion, a P/E ratio of 14.58 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $170.61.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Analyst Upgrades and Downgrades

THG has been the topic of several research reports. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Oppenheimer boosted their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Hold” and a consensus price target of $175.25.

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.