Natixis Advisors LLC Has $1.71 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Natixis Advisors LLC reduced its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 7.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,068 shares of the insurance provider’s stock after selling 857 shares during the period. Natixis Advisors LLC’s holdings in The Hanover Insurance Group were worth $1,712,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of The Hanover Insurance Group by 0.3% in the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after acquiring an additional 3,780 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after purchasing an additional 16,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of The Hanover Insurance Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock worth $54,733,000 after purchasing an additional 17,856 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of The Hanover Insurance Group by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider’s stock valued at $53,996,000 after buying an additional 24,290 shares during the period. Finally, Markel Group Inc. raised its holdings in The Hanover Insurance Group by 5.1% in the 4th quarter. Markel Group Inc. now owns 267,000 shares of the insurance provider’s stock valued at $41,294,000 after buying an additional 13,000 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 1.5 %

NYSE THG opened at $172.53 on Tuesday. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.30. 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 business has a 50 day simple moving average of $162.10 and a 200 day simple moving average of $156.48. The stock has a market capitalization of $6.20 billion, a P/E ratio of 14.76 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating 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%. Research 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 $0.90 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.09%. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

Analysts Set New Price Targets

THG has been the subject of several recent research reports. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley increased their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Finally, BMO Capital Markets increased their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.