Treasurer of the State of North Carolina Buys 160 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Treasurer of the State of North Carolina lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THGFree Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,743 shares of the insurance provider’s stock after purchasing an additional 160 shares during the quarter. Treasurer of the State of North Carolina’s holdings in The Hanover Insurance Group were worth $1,912,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of THG. TD Asset Management Inc lifted its position in The Hanover Insurance Group by 1.7% in the fourth quarter. TD Asset Management Inc now owns 24,326 shares of the insurance provider’s stock worth $2,954,000 after buying an additional 400 shares during the last quarter. 1492 Capital Management LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter worth about $906,000. Parallel Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 9.5% during the 4th quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 150 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in The Hanover Insurance Group by 1.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after purchasing an additional 109 shares during the last quarter. Finally, Assetmark Inc. raised its position in The Hanover Insurance Group by 36.1% in the 4th quarter. Assetmark Inc. now owns 1,270 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 337 shares during the period. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.0 %

Shares of NYSE THG opened at $129.34 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $103.82 and a twelve month high of $138.30. The firm has a market cap of $4.65 billion, a PE ratio of 29.00 and a beta of 0.70. The business has a fifty day simple moving average of $131.89 and a two-hundred day simple moving average of $129.23. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group (NYSE:THGGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Analysts expect that The Hanover Insurance Group, Inc. will post 10.67 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.85 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.63%. The Hanover Insurance Group’s payout ratio is presently 76.23%.

Insider Activity

In related news, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the transaction, the executive vice president now owns 4,398 shares of the company’s stock, valued at $597,864.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total value of $135,940.00. Following the transaction, the executive vice president now owns 4,398 shares in the company, valued at $597,864.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on THG. Oppenheimer boosted their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Piper Sandler reissued 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. Finally, TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Get Our Latest Stock Report on The Hanover Insurance Group

About The Hanover Insurance Group

(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.

See Also

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

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