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

Wealthfront Advisers LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 140,935 shares of the insurance provider’s stock, valued at approximately $21,797,000. Wealthfront Advisers LLC owned approximately 0.39% of The Hanover Insurance Group at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after acquiring an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in The Hanover Insurance Group in the fourth quarter valued at approximately $201,000. BNP Paribas Financial Markets increased its stake in shares of The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock worth $1,772,000 after purchasing an additional 6,112 shares during the period. HighTower Advisors LLC increased its stake in shares of The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after purchasing an additional 5,194 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of The Hanover Insurance Group by 42.5% during the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after purchasing an additional 13,750 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

THG has been the topic of a number of recent research reports. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective on the stock. in a report on Thursday, November 21st. BMO Capital Markets lifted 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. Morgan Stanley lifted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.25.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $165.16 on Wednesday. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.30. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 14.13 and a beta of 0.65. The business has a 50-day simple moving average of $158.74 and a 200 day simple moving average of $154.66. 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 (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%.

The Hanover Insurance Group 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.