Pitcairn Co. Raises Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Pitcairn Co. increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,623 shares of the insurance provider’s stock after purchasing an additional 196 shares during the period. Pitcairn Co.’s holdings in The Hanover Insurance Group were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in THG. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC boosted its position in shares of 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 purchasing an additional 90 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in shares of 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 purchasing an additional 236 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $157.82 on Friday. The company has a 50-day simple moving average of $165.04 and a 200-day simple moving average of $158.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $5.67 billion, a PE ratio of 13.50 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 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%. On average, equities analysts anticipate 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 announced 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. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.28%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at $21,772,450. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Piper Sandler raised their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Morgan Stanley boosted their target price 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. Keefe, Bruyette & Woods lifted 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 note on Monday, February 10th. Finally, 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 research note on Thursday, December 19th. Five investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $179.00.

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.