Corebridge Financial Inc. Sells 1,780 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Corebridge Financial Inc. reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,770 shares of the insurance provider's stock after selling 1,780 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of The Hanover Insurance Group worth $6,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in The Hanover Insurance Group during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group in the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 102 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of 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 acquiring an additional 236 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Down 0.8 %

THG traded down $1.34 during midday trading on Wednesday, hitting $173.62. 34,158 shares of the company's stock traded hands, compared to its average volume of 233,671. 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 has a market cap of $6.24 billion, a PE ratio of 14.85 and a beta of 0.65. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The stock's fifty day simple moving average is $164.17 and its 200-day simple moving average is $157.66.

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

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.07%. The Hanover Insurance Group's payout ratio is currently 30.80%.

Analysts Set New Price Targets

A number of research firms have commented on THG. Morgan Stanley upped 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 research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their price target 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. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. BMO Capital Markets raised their target price 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. Finally, Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.