Russell Investments Group Ltd. Purchases 9,566 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Russell Investments Group Ltd. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,369 shares of the insurance provider's stock after buying an additional 9,566 shares during the quarter. Russell Investments Group Ltd. owned 0.34% of The Hanover Insurance Group worth $18,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THG. Captrust Financial Advisors raised its holdings in shares of The Hanover Insurance Group by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock worth $270,000 after buying an additional 81 shares in the last quarter. HighTower Advisors LLC boosted its position in The Hanover Insurance Group by 82.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock valued at $1,702,000 after buying an additional 5,194 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of The Hanover Insurance Group by 28.1% in the 3rd quarter. Quantinno Capital Management LP now owns 8,748 shares of the insurance provider's stock valued at $1,296,000 after buying an additional 1,918 shares during the period. State Street Corp raised its position in shares of The Hanover Insurance Group by 0.3% during the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after acquiring an additional 3,780 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of The Hanover Insurance Group by 4.6% during the third quarter. Jane Street Group LLC now owns 27,321 shares of the insurance provider's stock valued at $4,047,000 after acquiring an additional 1,200 shares during the period. 86.61% of the stock is owned by institutional investors.

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The Hanover Insurance Group Stock Up 0.5 %

NYSE THG traded up $0.85 during trading hours on Tuesday, hitting $160.26. 52,420 shares of the company traded hands, compared to its average volume of 199,804. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 13.69 and a beta of 0.47. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The business's 50-day moving average is $164.95 and its 200-day moving average is $158.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts' consensus estimates 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%. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.25%. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 30.80%.

Analysts Set New Price Targets

THG has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price 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 report on Wednesday, April 9th. Piper Sandler lifted their price objective on 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. BMO Capital Markets boosted 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. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Finally, Morgan Stanley raised their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group has an average rating of "Hold" and a consensus price target of $178.00.

Insider Buying and Selling

In related news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by corporate insiders.

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.