National Bank of Canada FI Buys New Position in The Hanover Insurance Group, Inc. (NYSE:THG)

National Bank of Canada FI bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,500 shares of the insurance provider's stock, valued at approximately $1,160,000.

Several other hedge funds have also added to or reduced their stakes in THG. FMR LLC lifted its stake in The Hanover Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider's stock valued at $25,270,000 after acquiring an additional 17,583 shares during the period. Captrust Financial Advisors lifted its holdings in shares of The Hanover Insurance Group by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after buying an additional 81 shares during the period. HighTower Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 82.4% in the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock worth $1,702,000 after acquiring an additional 5,194 shares during the period. Point72 DIFC Ltd purchased a new position in The Hanover Insurance Group in the third quarter worth about $63,000. Finally, Quantinno Capital Management LP increased its position in shares of The Hanover Insurance Group by 28.1% during the 3rd quarter. Quantinno Capital Management LP now owns 8,748 shares of the insurance provider's stock valued at $1,296,000 after purchasing an additional 1,918 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THG has been the topic 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. BMO Capital Markets lifted their target price on 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. Morgan Stanley upped their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reduced 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $178.00.

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The Hanover Insurance Group Price Performance

Shares of THG stock traded up $2.30 on Monday, reaching $158.40. The company's stock had a trading volume of 18,222 shares, compared to its average volume of 199,458. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.55 and a beta of 0.47. The stock's fifty day simple moving average is $164.96 and its 200-day simple moving average is $158.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.40% of the company's stock.

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.