34,114 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,114 shares of the insurance provider's stock, valued at approximately $5,276,000. Assenagon Asset Management S.A. owned approximately 0.09% of The Hanover Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in The Hanover Insurance Group during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in The Hanover Insurance Group during the third quarter valued at approximately $26,000. Point72 Hong Kong Ltd purchased a new position in The Hanover Insurance Group during the second quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. Finally, Eagle Bay Advisors LLC lifted its position 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 buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the sale, the executive vice president now owns 54,091 shares in the company, valued at $8,782,214.76. This trade represents a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 12,100 shares of company stock valued at $1,951,223. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on THG shares. Janney Montgomery Scott downgraded The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price on the stock. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a "market perform" rating in a research note on Friday, January 10th. JMP Securities raised their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.88.

The Hanover Insurance Group Trading Up 1.0 %

NYSE:THG traded up $1.50 during mid-day trading on Tuesday, hitting $157.78. The company had a trading volume of 264,562 shares, compared to its average volume of 183,147. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $166.13. The firm has a market cap of $5.68 billion, a P/E ratio of 15.65 and a beta of 0.72. The business's fifty day moving average is $157.44 and its two-hundred day moving average is $147.79.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.90 per share. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.28%. The Hanover Insurance Group's dividend payout ratio is presently 35.71%.

The Hanover Insurance Group 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.