Parallel Advisors LLC Grows Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Parallel Advisors LLC lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 9.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,501 shares of the insurance provider’s stock after buying an additional 288 shares during the quarter. Parallel Advisors LLC’s holdings in The Hanover Insurance Group were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of THG. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of 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 worth $42,000 after buying an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Up 0.3 %

THG stock opened at $171.23 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $173.30. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. The firm’s fifty day simple moving average is $161.19 and its two-hundred day simple moving average is $156.00.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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. Stockholders of record on Friday, March 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s payout ratio is presently 30.80%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on THG. BMO Capital Markets boosted their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target 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. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. 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. Finally, Morgan Stanley boosted their price target on shares of 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group 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.