California Public Employees Retirement System Raises Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

California Public Employees Retirement System lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,828 shares of the insurance provider's stock after purchasing an additional 5,949 shares during the quarter. California Public Employees Retirement System owned 0.44% of The Hanover Insurance Group worth $24,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group in the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC raised its stake in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares during the period. Finally, GAMMA Investing LLC boosted its position in The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 235 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, CEO John C. Roche sold 200 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the transaction, the chief executive officer now owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG traded up $7.05 during trading on Tuesday, reaching $157.71. The company had a trading volume of 55,276 shares, compared to its average volume of 242,070. The company has a fifty day moving average of $164.90 and a two-hundred day moving average of $158.09. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.67 billion, a P/E ratio of 13.49 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results 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 net margin of 6.83% and a return on equity of 18.01%. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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. Stockholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.28%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on THG. Morgan Stanley raised their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a report on Monday, February 10th. BMO Capital Markets increased their price objective on shares of 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. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Finally, Piper Sandler raised their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Hold" and an average price target of $179.00.

About The Hanover Insurance Group

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.