Alliancebernstein L.P. Purchases 19,956 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Alliancebernstein L.P. boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 860,260 shares of the insurance provider's stock after acquiring an additional 19,956 shares during the quarter. Alliancebernstein L.P. owned approximately 2.39% of The Hanover Insurance Group worth $133,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its holdings in shares of The Hanover Insurance Group by 23.7% during the 3rd quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider's stock worth $832,000 after buying an additional 1,078 shares during the period. FMR LLC lifted its position 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 worth $25,270,000 after acquiring an additional 17,583 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock valued at $1,772,000 after acquiring an additional 6,112 shares during the period. Martingale Asset Management L P boosted its holdings in The Hanover Insurance Group by 11.0% during the third quarter. Martingale Asset Management L P now owns 1,802 shares of the insurance provider's stock valued at $267,000 after acquiring an additional 178 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

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The Hanover Insurance Group Stock Performance

Shares of NYSE THG traded down $2.50 during midday trading on Thursday, hitting $172.64. 305,365 shares of the company's stock were exchanged, compared to its average volume of 193,850. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The firm has a market capitalization of $6.20 billion, a PE ratio of 14.77 and a beta of 0.65. The company's 50 day moving average price is $164.95 and its 200 day moving average price is $157.89. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS 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%. As a group, analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated 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 of the company's stock, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their target price on shares of 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. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, Morgan Stanley raised their price objective 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $179.00.

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.