1620 Investment Advisors Inc. Decreases Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

1620 Investment Advisors Inc. reduced its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 26.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 231 shares of the insurance provider’s stock after selling 83 shares during the period. 1620 Investment Advisors Inc.’s holdings in The Hanover Insurance Group were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in THG. Teacher Retirement System of Texas raised its stake in The Hanover Insurance Group by 41.9% during the 4th quarter. Teacher Retirement System of Texas now owns 66,169 shares of the insurance provider’s stock valued at $10,234,000 after buying an additional 19,548 shares during the last quarter. Xponance Inc. raised its stake in The Hanover Insurance Group by 6.1% during the 4th quarter. Xponance Inc. now owns 4,112 shares of the insurance provider’s stock valued at $636,000 after buying an additional 238 shares during the last quarter. Parallel Advisors LLC raised its stake in The Hanover Insurance Group by 9.0% during the 4th quarter. Parallel Advisors LLC now owns 3,501 shares of the insurance provider’s stock valued at $542,000 after buying an additional 288 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in The Hanover Insurance Group during the 4th quarter valued at $72,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in The Hanover Insurance Group by 9.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,276 shares of the insurance provider’s stock valued at $971,000 after buying an additional 517 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Morgan Stanley boosted their price objective 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, BMO Capital Markets boosted 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 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Trading Down 0.5 %

Shares of The Hanover Insurance Group stock opened at $170.21 on Friday. The company has a market capitalization of $6.12 billion, a P/E ratio of 14.56 and a beta of 0.65. 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 company has a fifty day moving average of $161.64 and a 200 day moving average of $156.17. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $173.30.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results 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 net margin of 6.83% and a return on equity of 18.01%. On average, sell-side 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 company also recently announced 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 2.12%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

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.