SRS Capital Advisors Inc. Has $176,000 Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

SRS Capital Advisors Inc. decreased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 35.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,449 shares of the insurance provider’s stock after selling 780 shares during the period. SRS Capital Advisors Inc.’s holdings in The Hanover Insurance Group were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of THG. International Assets Investment Management LLC grew its stake in shares of The Hanover Insurance Group by 11,733.1% in the fourth quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider’s stock worth $56,465,000 after acquiring an additional 461,109 shares during the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in The Hanover Insurance Group during the third quarter worth $16,231,000. Lazard Asset Management LLC acquired a new stake in The Hanover Insurance Group during the third quarter worth $10,944,000. Ameriprise Financial Inc. boosted its stake in The Hanover Insurance Group by 12.2% during the third quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider’s stock worth $90,468,000 after buying an additional 88,456 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in The Hanover Insurance Group by 59.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 218,021 shares of the insurance provider’s stock worth $24,196,000 after buying an additional 81,081 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THG. JMP Securities reiterated a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Finally, Oppenheimer upped their target price on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $143.33.

The Hanover Insurance Group Price Performance

NYSE THG traded up $2.96 on Friday, hitting $133.64. 252,072 shares of the company were exchanged, compared to its average volume of 178,011. The firm has a 50 day moving average of $130.71 and a two-hundred day moving average of $126.42. The company has a market cap of $4.80 billion, a P/E ratio of 29.98 and a beta of 0.67. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.00.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.62. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.54%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

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 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.