The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,195 shares of the insurance provider's stock after selling 6,539 shares during the quarter. NFJ Investment Group LLC owned approximately 0.13% of The Hanover Insurance Group worth $6,990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of 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 valued at $42,000 after purchasing an additional 90 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 2.4 %

The Hanover Insurance Group stock traded up $3.77 during mid-day trading on Tuesday, reaching $161.26. 26,456 shares of the company's stock were exchanged, compared to its average volume of 251,778. The company has a fifty day moving average of $164.71 and a 200-day moving average of $158.85. The company has a market cap of $5.79 billion, a P/E ratio of 13.80 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) 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 expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

Wall Street Analyst Weigh In

THG has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of 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. Keefe, Bruyette & Woods decreased their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. 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 stock an "overweight" rating in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $178.00.

Insider Buying and Selling

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.50% of the company's stock.

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.