6,075 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THGFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,075 shares of the insurance provider’s stock, valued at approximately $738,000.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank grew its position in shares of The Hanover Insurance Group by 321.8% during the third quarter. Comerica Bank now owns 51,519 shares of the insurance provider’s stock worth $5,718,000 after purchasing an additional 39,306 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of The Hanover Insurance Group by 28.8% during the third quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider’s stock worth $3,290,000 after purchasing an additional 6,579 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in The Hanover Insurance Group by 547.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 11,416 shares in the last quarter. Markel Group Inc. grew its holdings in The Hanover Insurance Group by 19.6% during the 3rd quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider’s stock valued at $20,975,000 after buying an additional 31,000 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in The Hanover Insurance Group during the 3rd quarter valued at approximately $455,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock opened at $132.78 on Wednesday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 141.26 and a beta of 0.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50 day moving average price of $131.77 and a 200-day moving average price of $123.61. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.00.

The Hanover Insurance Group (NYSE:THGGet Free Report) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. Equities analysts expect that The Hanover Insurance Group, Inc. will post 10.07 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.71%.

Analyst Ratings Changes

Several equities analysts have weighed in on THG shares. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $124.00 to $137.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. TheStreet upgraded The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Piper Sandler restated an “overweight” rating and set a $147.00 price target on shares of The Hanover Insurance Group in a report on Monday. Finally, Oppenheimer raised their price target on The Hanover Insurance Group from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Check Out Our Latest Report on THG

The Hanover Insurance Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THGFree Report).

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.