2,073 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Trust Point Inc.

Trust Point Inc. acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,073 shares of the insurance provider’s stock, valued at approximately $252,000.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 129.8% during the 4th quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock worth $29,000 after buying an additional 122 shares during the period. UMB Bank n.a. raised its stake in The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the last quarter. Covestor Ltd raised its stake in The Hanover Insurance Group by 35.4% during the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 136 shares during the last quarter. Quantbot Technologies LP raised its stake in The Hanover Insurance Group by 45.7% during the 1st quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 170 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new position in The Hanover Insurance Group during the 1st quarter valued at $73,000. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction dated Friday, February 2nd. The shares were 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 owns 3,612 shares in the company, valued at approximately $473,677.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Trading Down 0.3 %

Shares of THG stock opened at $130.07 on Friday. The Hanover Insurance Group, Inc. has a 52-week low of $103.82 and a 52-week high of $138.00. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 138.37 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 firm has a fifty day moving average of $131.80 and a 200-day moving average of $123.93.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 10.07 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 361.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $124.00 to $137.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Piper Sandler reiterated an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research note on Friday. Finally, TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $140.00.

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.