Bryce Point Capital LLC Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Bryce Point Capital LLC bought a new position in The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,802 shares of the insurance provider’s stock, valued at approximately $1,207,000.

A number of other institutional investors have also added to or reduced their stakes in THG. Barclays PLC boosted its holdings in shares of The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in The Hanover Insurance Group in the 4th quarter worth approximately $201,000. BNP Paribas Financial Markets boosted its stake in The Hanover Insurance Group by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock worth $1,772,000 after buying an additional 6,112 shares in the last quarter. HighTower Advisors LLC grew its position in The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after acquiring an additional 5,194 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of The Hanover Insurance Group by 42.5% during the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after acquiring an additional 13,750 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Up 0.2 %

NYSE THG opened at $175.24 on Thursday. The stock has a market cap of $6.30 billion, a P/E ratio of 14.99 and a beta of 0.65. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16. The stock has a 50 day simple moving average of $164.56 and a two-hundred day simple moving average of $157.78. 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 (NYSE:THG) last released its quarterly 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%. On average, analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

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 value of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

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.