The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Pitcairn Co.

Pitcairn Co. increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,623 shares of the insurance provider’s stock after acquiring an additional 196 shares during the quarter. Pitcairn Co.’s holdings in The Hanover Insurance Group were worth $560,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in THG. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC grew its stake in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 worth $52,000 after buying an additional 235 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at approximately $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Trading Down 8.6 %

The Hanover Insurance Group stock opened at $157.82 on Friday. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. 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 firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 13.50 and a beta of 0.47. The firm has a 50-day moving average price of $165.04 and a two-hundred day moving average price of $158.01.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data 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 return on equity of 18.01% and a net margin of 6.83%. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on THG. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a report on Monday, February 10th. BMO Capital Markets increased their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Finally, Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $179.00.

The Hanover Insurance Group 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.