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

Treasurer of the State of North Carolina raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,694 shares of the insurance provider’s stock after buying an additional 100 shares during the quarter. Treasurer of the State of North Carolina’s holdings in The Hanover Insurance Group were worth $2,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its holdings in The Hanover Insurance Group by 4.6% during the third quarter. Jane Street Group LLC now owns 27,321 shares of the insurance provider’s stock worth $4,047,000 after buying an additional 1,200 shares in the last quarter. Barclays PLC lifted its position in shares of The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after acquiring an additional 10,341 shares during the period. Geode Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock worth $97,816,000 after acquiring an additional 16,800 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 4,013 shares of the insurance provider’s stock worth $656,000 after acquiring an additional 1,040 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Up 0.2 %

Shares of NYSE THG opened at $161.63 on Friday. The firm has a market cap of $5.81 billion, a P/E ratio of 13.83 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16. The firm’s 50 day moving average price is $164.75 and its 200 day moving average price is $158.45.

The Hanover Insurance Group (NYSE:THG) last released its 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 net margin of 6.83% and a return on equity of 18.01%. As a group, sell-side analysts anticipate 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 2.23%. The Hanover Insurance Group’s payout ratio is 30.80%.

Analyst Ratings Changes

A number of analysts have commented on the company. BMO Capital Markets boosted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods dropped their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, Morgan Stanley lifted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, The Hanover Insurance Group has an average 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.