Empowered Funds LLC Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Empowered Funds LLC acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,355 shares of the insurance provider’s stock, valued at approximately $1,292,000.

Other hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at about $201,000. BNP Paribas Financial Markets raised its holdings in shares of 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 during the period. HighTower Advisors LLC lifted its position in The Hanover Insurance Group by 82.4% during the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after acquiring an additional 5,194 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in The Hanover Insurance Group in the 4th quarter worth approximately $1,046,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.7 %

NYSE:THG opened at $162.78 on Monday. The company has a market cap of $5.86 billion, a PE ratio of 13.92 and a beta of 0.72. The business’s 50 day moving average is $155.64 and its two-hundred day moving average is $151.23. 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 Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $166.98.

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 (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 predict that The Hanover Insurance Group, Inc. will post 14.11 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Analyst Ratings Changes

THG has been the topic of a number of analyst reports. 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. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Oppenheimer raised their target price on 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. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.