The Hanover Insurance Group, Inc. (NYSE:THG) Position Raised by Trexquant Investment LP

Trexquant Investment LP lifted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 236.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,299 shares of the insurance provider’s stock after acquiring an additional 40,265 shares during the period. Trexquant Investment LP’s holdings in The Hanover Insurance Group were worth $8,862,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after buying an additional 102 shares during the period. Venturi Wealth Management LLC grew its holdings in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after buying an additional 90 shares in the last quarter. Eagle Bay Advisors LLC increased its position in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares during the period. Finally, GAMMA Investing LLC raised its stake in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the subject of several recent analyst reports. Piper Sandler increased their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. BMO Capital Markets increased their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Barclays raised The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley increased their price target 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $179.00.

Insider Activity 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 stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $175.24 on Thursday. The stock’s fifty day simple moving average is $164.56 and its 200 day simple moving average is $157.78. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.99 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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%. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.05%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

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.