Amalgamated Bank Purchases 221 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Amalgamated Bank grew its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,118 shares of the insurance provider’s stock after purchasing an additional 221 shares during the quarter. Amalgamated Bank’s holdings in The Hanover Insurance Group were worth $2,647,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth about $222,000. Wealth Enhancement Advisory Services LLC grew 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 period. State of Alaska Department of Revenue increased its holdings in The Hanover Insurance Group by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 15,537 shares of the insurance provider’s stock worth $2,300,000 after purchasing an additional 280 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in The Hanover Insurance Group by 9.9% in the third quarter. Nisa Investment Advisors LLC now owns 13,878 shares of the insurance provider’s stock valued at $2,055,000 after buying an additional 1,250 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of The Hanover Insurance Group by 2.3% during 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 buying an additional 1,082 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

THG has been the subject of several research analyst reports. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Morgan Stanley raised their target price 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 upped their price target 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. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.25.

The Hanover Insurance Group Stock Up 2.7 %

Shares of NYSE:THG opened at $170.46 on Friday. The business’s 50 day moving average is $157.08 and its 200 day moving average is $152.95. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $170.61. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 14.58 and a beta of 0.72. 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 (NYSE:THG) last posted its quarterly earnings data 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 net margin of 6.83% and a return on equity of 18.01%. On average, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.90 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 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.