Ontario Teachers Pension Plan Board Acquires Shares of 2,792 The Hanover Insurance Group, Inc. (NYSE:THG)

Ontario Teachers Pension Plan Board bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,792 shares of the insurance provider's stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its position in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of 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 valued at $42,000 after buying an additional 90 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in The Hanover Insurance Group by 226.0% in the 4th 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. Institutional investors own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Price Performance

THG stock traded up $0.83 during mid-day trading on Wednesday, hitting $163.88. The company had a trading volume of 33,208 shares, compared to its average volume of 202,034. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.02 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. 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 company has a 50-day moving average price of $164.69 and a 200 day moving average price of $158.88.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS 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, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is 30.80%.

Analyst Upgrades and Downgrades

THG has been the subject of a number of analyst reports. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. StockNews.com downgraded shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler upped their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $178.00.

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.