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

Proficio Capital Partners LLC bought 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 filing with the Securities and Exchange Commission. The institutional investor bought 31,705 shares of the insurance provider’s stock, valued at approximately $4,903,000.

Several other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of The Hanover Insurance Group during the third quarter valued at approximately $222,000. Wealth Enhancement Advisory Services LLC lifted its position in The Hanover Insurance Group by 28.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,355 shares of the insurance provider’s stock valued at $941,000 after buying an additional 1,424 shares during the period. New York State Teachers Retirement System lifted its position in The Hanover Insurance Group by 2.3% during the third quarter. New York State Teachers Retirement System now owns 47,963 shares of the insurance provider’s stock valued at $7,104,000 after buying an additional 1,082 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at $60,000. Finally, Markel Group Inc. grew its position in shares of The Hanover Insurance Group by 5.8% in the 3rd quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock worth $37,620,000 after buying an additional 14,000 shares during the period. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Up 1.4 %

THG stock opened at $173.00 on Tuesday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 14.80 and a beta of 0.72. 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 1-year low of $119.66 and a 1-year high of $173.30. The business has a fifty day moving average price of $157.08 and a 200-day moving average price of $153.23.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data 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%. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.08%. The Hanover Insurance Group’s payout ratio is 30.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research report on Thursday, November 21st. 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. BMO Capital Markets boosted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Hold” and a consensus 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.