Trexquant Investment LP Acquires 40,265 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Trexquant Investment LP grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 236.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,299 shares of the insurance provider's stock after purchasing an additional 40,265 shares during the period. Trexquant Investment LP owned approximately 0.16% of The Hanover Insurance Group worth $8,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of THG. Barclays PLC grew its stake in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after buying 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 fourth quarter worth about $201,000. BNP Paribas Financial Markets boosted its holdings in shares of The Hanover Insurance Group by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock worth $1,772,000 after acquiring an additional 6,112 shares during the period. HighTower Advisors LLC raised its holdings in shares of 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 acquiring an additional 5,194 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of The Hanover Insurance Group by 42.5% during the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after purchasing an additional 13,750 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

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The Hanover Insurance Group Trading Down 8.6 %

THG traded down $14.93 on Friday, reaching $157.82. 453,240 shares of the company traded hands, compared to its average volume of 195,072. 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 firm has a fifty day simple moving average of $165.04 and a two-hundred day simple moving average of $157.95. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The company has a market cap of $5.67 billion, a P/E ratio of 13.50 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.01% and a net margin of 6.83%. As a group, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.28%. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

Analysts Set New Price Targets

THG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Morgan Stanley increased their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. BMO Capital Markets raised their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Piper Sandler lifted their price target 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $179.00.

Insiders Place Their Bets

In related news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $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 SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

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.