ExodusPoint Capital Management LP Sells 11,051 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

ExodusPoint Capital Management LP decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 89.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,336 shares of the insurance provider's stock after selling 11,051 shares during the period. ExodusPoint Capital Management LP's holdings in The Hanover Insurance Group were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group during the third quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC grew its stake in The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 90 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 236 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock worth $52,000 after purchasing an additional 235 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

The Hanover Insurance Group Stock Up 0.3 %

Shares of NYSE THG traded up $0.42 during mid-day trading on Tuesday, reaching $159.83. 280,289 shares of the company traded hands, compared to its average volume of 200,706. The company's fifty day moving average is $164.83 and its two-hundred day moving average is $158.43. 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, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16. The stock has a market cap of $5.74 billion, a PE ratio of 13.67 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 yield of 2.25%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is 30.80%.

Analyst Ratings Changes

THG has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company 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. Keefe, Bruyette & Woods cut their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley raised their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the business's stock in a transaction dated Monday, March 31st. The stock was 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 approximately $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company's stock.

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.