The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,275 shares of the insurance provider's stock after acquiring an additional 3,615 shares during the quarter. Nordea Investment Management AB owned 0.17% of The Hanover Insurance Group worth $9,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in The Hanover Insurance Group by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 9,261 shares of the insurance provider's stock worth $1,162,000 after acquiring an additional 473 shares in the last quarter. Arizona State Retirement System lifted its position in The Hanover Insurance Group by 2.0% in the second quarter. Arizona State Retirement System now owns 10,028 shares of the insurance provider's stock worth $1,258,000 after buying an additional 200 shares during the last quarter. Quest Partners LLC boosted its stake in The Hanover Insurance Group by 68,125.0% during the second quarter. Quest Partners LLC now owns 2,729 shares of the insurance provider's stock worth $342,000 after buying an additional 2,725 shares during the period. Choreo LLC bought a new position in The Hanover Insurance Group during the second quarter valued at $294,000. Finally, AGF Management Ltd. grew its holdings in The Hanover Insurance Group by 8.1% during the 2nd quarter. AGF Management Ltd. now owns 17,985 shares of the insurance provider's stock valued at $2,256,000 after purchasing an additional 1,348 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on THG. Morgan Stanley assumed coverage on The Hanover Insurance Group in a report on Thursday, December 5th. They set an "equal weight" rating and a $170.00 price objective for the company. JMP Securities boosted their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a "market perform" rating in a research report on Friday. Piper Sandler boosted their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Oppenheimer increased their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $174.88.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 4,800 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total value of $721,968.00. Following the completion of the sale, the executive vice president now owns 80,790 shares of the company's stock, valued at approximately $12,151,623.90. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 28,900 shares of company stock worth $4,534,151 over the last three months. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Down 3.3 %

The Hanover Insurance Group stock traded down $5.10 during mid-day trading on Friday, reaching $147.33. 207,745 shares of the company were exchanged, compared to its average volume of 187,124. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $166.13. The business has a fifty day moving average of $157.61 and a 200 day moving average of $145.79. The firm has a market cap of $5.31 billion, a P/E ratio of 14.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.41 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.90 per share. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.44%. The Hanover Insurance Group's dividend payout ratio is presently 35.71%.

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.