The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,900 shares of the insurance provider's stock after purchasing an additional 8,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.80% of The Hanover Insurance Group worth $44,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the 3rd quarter valued at approximately $30,000. Tidal Investments LLC raised its holdings in shares of The Hanover Insurance Group by 344.5% during the third quarter. Tidal Investments LLC now owns 7,254 shares of the insurance provider's stock valued at $1,074,000 after acquiring an additional 5,622 shares in the last quarter. GAMMA Investing LLC increased its position in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 235 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of The Hanover Insurance Group by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 62,275 shares of the insurance provider's stock worth $9,633,000 after acquiring an additional 3,615 shares during the period. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $1.14 during trading hours on Monday, reaching $162.81. The company's stock had a trading volume of 271,855 shares, compared to its average volume of 203,667. The stock has a market cap of $5.85 billion, a P/E ratio of 13.93 and a beta of 0.47. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The firm has a 50 day moving average price of $164.82 and a 200-day moving average price of $159.42. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is presently 30.80%.

Insider Buying and Selling

In other 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 value of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Piper Sandler raised their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Morgan Stanley raised their target price 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. 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. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group has an average rating of "Hold" and a consensus price target of $178.00.

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.