KLP Kapitalforvaltning AS Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

KLP Kapitalforvaltning AS bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,400 shares of the insurance provider's stock, valued at approximately $1,454,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in The Hanover Insurance Group by 91.9% in the fourth 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 grew its position in The Hanover Insurance Group by 49.5% in the fourth 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 increased its stake in shares of The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted 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 research note on Tuesday. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Morgan Stanley raised 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 note on Thursday, February 6th. Finally, BMO Capital Markets upped 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Hold" and an average price target of $179.00.

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Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction that occurred on 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 of the company's stock, 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 the SEC website. Company insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Performance

NYSE:THG traded up $0.29 during mid-day trading on Wednesday, hitting $175.24. 205,027 shares of the company's stock traded hands, compared to its average volume of 193,211. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.99 and a beta of 0.65. The firm has a 50 day moving average of $164.56 and a two-hundred day moving average of $157.78. 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 Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping 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%. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.05%. The Hanover Insurance Group's dividend 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.