Bryce Point Capital LLC Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Bryce Point Capital LLC bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,802 shares of the insurance provider's stock, valued at approximately $1,207,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of The Hanover Insurance Group by 61.5% during the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $201,000. BNP Paribas Financial Markets lifted its position in shares of The Hanover Insurance Group by 104.4% in 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 in the last quarter. HighTower Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 82.4% in the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock worth $1,702,000 after acquiring an additional 5,194 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in The Hanover Insurance Group by 42.5% in the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after purchasing an additional 13,750 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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The Hanover Insurance Group Trading Up 5.0 %

Shares of THG stock traded up $7.58 on Tuesday, hitting $158.24. The stock had a trading volume of 89,995 shares, compared to its average volume of 196,239. The firm has a market capitalization of $5.69 billion, a P/E ratio of 13.57 and a beta of 0.47. 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 company's 50 day moving average price is $164.90 and its 200-day moving average price is $158.09. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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%. 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 2.28%. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on THG shares. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. BMO Capital Markets boosted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. 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 report on Thursday, February 6th. Finally, Piper Sandler raised their target price 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $179.00.

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.