Millstone Evans Group LLC Takes $68,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Millstone Evans Group LLC acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 439 shares of the insurance provider’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in The Hanover Insurance Group by 41.9% in the fourth quarter. Teacher Retirement System of Texas now owns 66,169 shares of the insurance provider’s stock valued at $10,234,000 after acquiring an additional 19,548 shares during the last quarter. Xponance Inc. lifted its position in shares of The Hanover Insurance Group by 6.1% in the 4th quarter. Xponance Inc. now owns 4,112 shares of the insurance provider’s stock worth $636,000 after purchasing an additional 238 shares during the period. Parallel Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 9.0% in the 4th quarter. Parallel Advisors LLC now owns 3,501 shares of the insurance provider’s stock valued at $542,000 after purchasing an additional 288 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of The Hanover Insurance Group during the fourth quarter worth $72,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of The Hanover Insurance Group by 9.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,276 shares of the insurance provider’s stock worth $971,000 after buying an additional 517 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Down 0.5 %

Shares of NYSE:THG opened at $170.21 on Monday. 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, Inc. has a 52-week low of $119.66 and a 52-week high of $173.30. The business’s 50 day simple moving average is $161.64 and its two-hundred day simple moving average is $156.29. The firm has a market cap of $6.12 billion, a P/E ratio of 14.56 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Analyst Upgrades and Downgrades

THG has been the topic of several recent analyst reports. 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. Morgan Stanley boosted 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 note on Thursday, February 6th. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.