Walleye Capital LLC Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Walleye Capital LLC purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,629 shares of the insurance provider's stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock worth $558,934,000 after purchasing an additional 23,565 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock worth $230,349,000 after buying an additional 4,799 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after buying an additional 270,491 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of The Hanover Insurance Group by 15.7% in the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in The Hanover Insurance Group by 2.4% during the 4th quarter. Alliancebernstein L.P. now owns 860,260 shares of the insurance provider's stock worth $133,048,000 after acquiring an additional 19,956 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on THG. Piper Sandler boosted 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. StockNews.com downgraded shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reduced 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. Finally, Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $178.00.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the company'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 value of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Trading Down 1.3 %

THG stock traded down $2.17 during midday trading on Friday, reaching $161.72. The company's stock had a trading volume of 221,173 shares, compared to its average volume of 203,393. The business's 50-day simple moving average is $164.75 and its 200-day simple moving average is $159.23. 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 Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16. The stock has a market cap of $5.81 billion, a PE ratio of 13.83 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.

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.