Wealthfront Advisers LLC Invests $21.80 Million in The Hanover Insurance Group, Inc. (NYSE:THG)

Wealthfront Advisers LLC bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, Holdings Channel.com reports. The firm bought 140,935 shares of the insurance provider’s stock, valued at approximately $21,797,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in The Hanover Insurance Group in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in The Hanover Insurance Group in the third quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares during the period. Finally, GAMMA Investing LLC raised its holdings in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 235 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on THG. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price on the stock. in a report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on shares of 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. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, BMO Capital Markets boosted their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Trading Up 1.0 %

The Hanover Insurance Group stock opened at $165.16 on Wednesday. The stock has a market cap of $5.93 billion, a P/E ratio of 14.13 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 firm’s fifty day moving average price is $158.74 and its 200-day moving average price is $154.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results 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 net margin of 6.83% and a return on equity of 18.01%. Equities research 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.90 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.18%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

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.