XTX Topco Ltd Acquires Shares of 5,042 The Hanover Insurance Group, Inc. (NYSE:THG)

XTX Topco Ltd bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,042 shares of the insurance provider's stock, valued at approximately $780,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at about $67,928,000. Franklin Resources Inc. lifted its position in The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after purchasing an additional 270,491 shares during the period. Wealthfront Advisers LLC acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at about $21,797,000. American Century Companies Inc. lifted its position in shares of The Hanover Insurance Group by 15.7% during the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock valued at $148,297,000 after acquiring an additional 130,054 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at approximately $8,612,000. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the company's 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 sale, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Up 0.5 %

THG traded up $0.83 during trading on Wednesday, hitting $163.88. The company's stock had a trading volume of 33,208 shares, compared to its average volume of 202,034. The firm's 50 day moving average price is $164.69 and its 200-day moving average price is $158.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $5.89 billion, a PE ratio of 14.02 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS 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%. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. 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 2.20%. The Hanover Insurance Group's payout ratio is 30.80%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. StockNews.com lowered The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Tuesday. Piper Sandler upped 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 upped their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $178.00.

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.