Legal & General Group Plc Cuts Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Legal & General Group Plc cut its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,744 shares of the insurance provider's stock after selling 2,960 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of The Hanover Insurance Group worth $11,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in shares of The Hanover Insurance Group by 4.6% in 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 in the last quarter. Barclays PLC lifted its holdings 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 worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Hanover Insurance Group by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock worth $97,816,000 after purchasing an additional 16,800 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in The Hanover Insurance Group by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,013 shares of the insurance provider's stock worth $656,000 after purchasing an additional 1,040 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group during the 3rd quarter valued at approximately $30,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 3.6 %

NYSE:THG traded up $5.65 during mid-day trading on Tuesday, hitting $163.14. 141,626 shares of the stock traded hands, compared to its average volume of 202,693. 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 stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 13.96 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16. The firm's 50 day moving average is $164.69 and its two-hundred day moving average is $158.88.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts predict 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. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.21%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now 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 accessible through this link. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on THG shares. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Piper Sandler boosted 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, April 1st. Morgan Stanley boosted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com downgraded The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, 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 for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $178.00.

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.