Atria Investments Inc Raises Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Atria Investments Inc lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,129 shares of the insurance provider’s stock after acquiring an additional 395 shares during the period. Atria Investments Inc’s holdings in The Hanover Insurance Group were worth $484,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC grew its stake 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 acquiring an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of The Hanover Insurance Group during the fourth quarter worth about $201,000. BNP Paribas Financial Markets lifted its holdings in shares of The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock worth $1,772,000 after purchasing an additional 6,112 shares during the period. HighTower Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after purchasing an additional 5,194 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in shares of The Hanover Insurance Group by 42.5% during the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after purchasing an additional 13,750 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Up 1.9 %

The Hanover Insurance Group stock opened at $169.58 on Friday. 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, Inc. has a 12 month low of $119.66 and a 12 month high of $173.30. The stock has a market capitalization of $6.09 billion, a PE ratio of 14.51 and a beta of 0.65. The business has a 50 day simple moving average of $159.73 and a 200-day simple moving average of $155.34.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate 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%. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price for the company. in a report on Thursday, November 21st. BMO Capital Markets boosted 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. Morgan Stanley boosted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays raised The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $175.25.

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.