31,705 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 31,705 shares of the insurance provider’s stock, valued at approximately $4,903,000. Proficio Capital Partners LLC owned about 0.09% of The Hanover Insurance Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter worth $222,000. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $941,000 after purchasing an additional 1,424 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of The Hanover Insurance Group by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 47,963 shares of the insurance provider’s stock worth $7,104,000 after purchasing an additional 1,082 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $60,000. Finally, Markel Group Inc. raised its holdings in shares of The Hanover Insurance Group by 5.8% during the 3rd quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock valued at $37,620,000 after buying an additional 14,000 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $173.00 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.22 billion, a P/E ratio of 14.80 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $173.30. The firm has a 50-day moving average of $157.08 and a 200-day moving average 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 earnings per share 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%. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

THG has been the topic of a number of recent research reports. 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 on the stock. in a research report on Thursday, November 21st. BMO Capital Markets upped their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Morgan Stanley upped their price target on shares of 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. Finally, Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $175.25.

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.