Jones Financial Companies Lllp Acquires 374 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Jones Financial Companies Lllp grew its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 4,675.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382 shares of the insurance provider’s stock after acquiring an additional 374 shares during the quarter. Jones Financial Companies Lllp’s holdings in The Hanover Insurance Group were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of THG. True Wealth Design LLC bought a new position in The Hanover Insurance Group in the third quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group in the third quarter worth $30,000. Venturi Wealth Management LLC lifted its position in 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 purchasing an additional 90 shares during the period. Eagle Bay Advisors LLC lifted its position in 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 purchasing an additional 236 shares during the period. Finally, GAMMA Investing LLC raised its stake in The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 235 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $170.98 on Tuesday. The stock has a 50-day moving average price of $160.12 and a 200 day moving average price of $155.64. 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 firm has a market cap of $6.14 billion, a price-to-earnings ratio of 14.63 and a beta of 0.65. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $173.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping 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%. Research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.11%. The Hanover Insurance Group’s payout ratio is 30.80%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on THG shares. Keefe, Bruyette & Woods increased 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 note on Monday, February 10th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Janney Montgomery Scott lowered 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. Finally, Morgan Stanley increased 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 note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.