LPL Financial LLC Acquires Shares of 2,339 The Hanover Insurance Group, Inc. (NYSE:THG)

LPL Financial LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,339 shares of the insurance provider’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THG. Public Employees Retirement System of Ohio boosted its holdings in The Hanover Insurance Group by 17.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 23,204 shares of the insurance provider’s stock worth $2,713,000 after buying an additional 3,505 shares during the last quarter. Credit Suisse AG raised its stake in The Hanover Insurance Group by 5.4% in the 4th quarter. Credit Suisse AG now owns 40,352 shares of the insurance provider’s stock valued at $4,719,000 after purchasing an additional 2,064 shares during the last quarter. Walthausen & Co. LLC acquired a new position in The Hanover Insurance Group in the 4th quarter valued at $1,913,000. Nordea Investment Management AB lifted its holdings in The Hanover Insurance Group by 12.9% in the 4th quarter. Nordea Investment Management AB now owns 49,215 shares of the insurance provider’s stock valued at $5,754,000 after purchasing an additional 5,613 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in The Hanover Insurance Group by 97.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,873 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Several research firms have recently weighed in on THG. Boenning Scattergood started coverage on shares of The Hanover Insurance Group in a research note on Monday, March 29th. They issued an “outperform” rating and a $145.00 price target on the stock. Keefe, Bruyette & Woods lowered shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and set a $130.00 target price on the stock. in a research note on Thursday, February 18th. Zacks Investment Research lowered The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 15th. Finally, JMP Securities lifted their price objective on The Hanover Insurance Group from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $127.67.

Shares of The Hanover Insurance Group stock opened at $134.63 on Wednesday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.13 and a beta of 0.92. The Hanover Insurance Group, Inc. has a fifty-two week low of $80.79 and a fifty-two week high of $136.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a 50 day moving average of $129.91 and a 200 day moving average of $115.97.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 2nd. The insurance provider reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.84. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.14 billion. The Hanover Insurance Group had a return on equity of 10.90% and a net margin of 6.35%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 EPS. Analysts forecast that The Hanover Insurance Group, Inc. will post 8.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 2.08%. The Hanover Insurance Group’s payout ratio is currently 34.31%.

About The Hanover Insurance Group

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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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