Global Retirement Partners LLC Has $359,000 Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Global Retirement Partners LLC grew its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 51.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,324 shares of the insurance provider’s stock after acquiring an additional 785 shares during the quarter. Global Retirement Partners LLC’s holdings in The Hanover Insurance Group were worth $359,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of THG. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in The Hanover Insurance Group during the fourth quarter worth $1,074,000. Kestra Investment Management LLC increased its stake in The Hanover Insurance Group by 26.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,745 shares of the insurance provider’s stock valued at $270,000 after buying an additional 370 shares during the last quarter. Venturi Wealth Management LLC lifted its position in The Hanover Insurance Group by 49.5% during the 4th 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. Truist Financial Corp boosted its stake in shares of The Hanover Insurance Group by 4.7% during the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock worth $313,000 after buying an additional 90 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 4.3% in the 4th quarter. Sanctuary Advisors LLC now owns 4,186 shares of the insurance provider’s stock valued at $652,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

THG has been the topic of several analyst reports. JMP Securities upped their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Morgan Stanley raised their target price on shares of 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. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $175.25.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $158.88 on Tuesday. The company has a market cap of $5.72 billion, a P/E ratio of 13.59 and a beta of 0.72. The firm’s fifty day moving average price is $156.09 and its two-hundred day moving average price is $152.32. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $166.98. 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 announced its quarterly 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 net margin of 6.83% and a return on equity of 18.01%. Equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.27%. 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.