Proficio Capital Partners LLC Makes New $4.90 Million Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Proficio Capital Partners LLC purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,705 shares of the insurance provider’s stock, valued at approximately $4,903,000. Proficio Capital Partners LLC owned 0.09% of The Hanover Insurance Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Atria Investments Inc raised its position in The Hanover Insurance Group by 14.4% in the fourth quarter. Atria Investments Inc now owns 3,129 shares of the insurance provider’s stock valued at $484,000 after purchasing an additional 395 shares during the period. Jones Financial Companies Lllp raised its position in The Hanover Insurance Group by 4,675.0% in the fourth quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 374 shares during the period. A&I Financial Services LLC purchased a new position in The Hanover Insurance Group in the fourth quarter valued at about $542,000. Amalgamated Bank raised its position in The Hanover Insurance Group by 1.3% in the fourth quarter. Amalgamated Bank now owns 17,118 shares of the insurance provider’s stock valued at $2,647,000 after purchasing an additional 221 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in The Hanover Insurance Group in the fourth quarter valued at about $257,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Up 1.9 %

Shares of The Hanover Insurance Group stock opened at $169.58 on Monday. 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 firm has a market cap of $6.09 billion, a P/E ratio of 14.51 and a beta of 0.65. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $173.30. The business has a 50-day moving average price of $159.73 and a 200 day moving average price of $155.45.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating 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, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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 paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Wall Street Analysts Forecast Growth

THG has been the topic of several research reports. Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley raised their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted 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. Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price on the stock. in a research report on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.