Aster Capital Management DIFC Ltd Buys Shares of 4,470 The Hanover Insurance Group, Inc. (NYSE:THG)

Aster Capital Management DIFC Ltd purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,470 shares of the insurance provider's stock, valued at approximately $691,000.

Several other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in The Hanover Insurance Group by 0.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after purchasing an additional 65 shares during the last quarter. AMG National Trust Bank raised its stake in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after buying an additional 71 shares during the last quarter. Captrust Financial Advisors raised its stake 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 worth $270,000 after buying an additional 81 shares during the last quarter. Ironwood Investment Management LLC boosted its position in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after buying an additional 85 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

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The Hanover Insurance Group Trading Down 0.3 %

Shares of The Hanover Insurance Group stock traded down $0.42 during trading hours on Friday, hitting $155.62. The company's stock had a trading volume of 70,147 shares, compared to its average volume of 198,562. The business has a fifty day moving average of $164.89 and a 200 day moving average of $158.19. 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, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The company has a market capitalization of $5.59 billion, a PE ratio of 13.31 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted 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 net margin of 6.83% and a return on equity of 18.01%. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.31%. 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 301 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. BMO Capital Markets raised their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lowered their price target 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. Finally, Morgan Stanley upped their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $178.00.

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.