The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 292,895 shares of the insurance provider's stock after selling 42,117 shares during the period. First Trust Advisors LP owned about 0.81% of The Hanover Insurance Group worth $45,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after acquiring an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in The Hanover Insurance Group in the 4th quarter worth approximately $201,000. Congress Asset Management Co. raised its stake in The Hanover Insurance Group by 42.5% during the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after buying an additional 13,750 shares during the last quarter. Oak Thistle LLC bought a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $1,046,000. Finally, Hodges Capital Management Inc. boosted its stake in shares of The Hanover Insurance Group by 48.8% in the 4th quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock worth $11,832,000 after buying an additional 25,089 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

THG has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lifted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Piper Sandler raised their target price on shares of 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. Finally, StockNews.com lowered shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Six 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 a consensus target price of $178.00.

Insider Activity

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Performance

Shares of NYSE:THG traded down $2.17 on Friday, hitting $161.72. 221,173 shares of the company were exchanged, compared to its average volume of 203,393. 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's 50 day moving average price is $164.75 and its 200 day moving average price is $159.23. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The firm has a market capitalization of $5.81 billion, a P/E ratio of 13.83 and a beta of 0.47.

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 return on equity of 18.01% and a net margin of 6.83%. Sell-side analysts predict 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 paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

The Hanover Insurance Group Company 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.