4,277 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,277 shares of the insurance provider’s stock, valued at approximately $661,000.

A number of other large investors have also recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in The Hanover Insurance Group during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in The Hanover Insurance Group during the 3rd quarter worth $30,000. Venturi Wealth Management LLC raised its position in The Hanover Insurance Group by 49.5% during 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 during the last quarter. Eagle Bay Advisors LLC raised its position in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after buying an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC raised its position 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. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $170.46 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $156.75 and a two-hundred day moving average price of $152.68. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $170.61. The company has a market capitalization of $6.14 billion, a P/E ratio of 14.58 and a beta of 0.72.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating 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, research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%.

Wall Street Analyst Weigh In

A number of brokerages have commented on THG. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley upped their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective 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 target 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. Finally, Piper Sandler increased their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Five 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 Hanover Insurance Group currently has a consensus rating of “Hold” and an average target price of $175.25.

About The Hanover Insurance Group

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.