The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 77.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,491 shares of the insurance provider's stock after selling 29,372 shares during the period. Bridgewater Associates LP's holdings in The Hanover Insurance Group were worth $1,313,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Ontario Teachers Pension Plan Board acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth about $432,000. Walleye Capital LLC acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth about $407,000. XTX Topco Ltd acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth about $780,000. Mariner LLC raised its position in shares of The Hanover Insurance Group by 7.2% during the 4th quarter. Mariner LLC now owns 5,201 shares of the insurance provider's stock worth $804,000 after purchasing an additional 349 shares during the last quarter. Finally, Barclays PLC raised its position in shares of The Hanover Insurance Group by 28.2% during the 4th quarter. Barclays PLC now owns 34,817 shares of the insurance provider's stock worth $5,385,000 after purchasing an additional 7,662 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on THG shares. Piper Sandler increased 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 report on Tuesday, April 1st. StockNews.com downgraded shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Tuesday. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective 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 shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group has an average rating of "Hold" and an average price target of $178.00.

Insiders Place Their Bets

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

The Hanover Insurance Group Trading Up 0.2 %

Shares of THG stock traded up $0.31 on Thursday, hitting $163.27. The stock had a trading volume of 50,252 shares, compared to its average volume of 202,301. 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 firm has a market capitalization of $5.87 billion, a P/E ratio of 13.98 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16. The company's 50 day moving average price is $164.70 and its 200-day moving average price is $158.91.

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 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%. Analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.21%. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

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.