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

Trexquant Investment LP raised its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 236.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,299 shares of the insurance provider’s stock after purchasing an additional 40,265 shares during the period. Trexquant Investment LP owned 0.16% of The Hanover Insurance Group worth $8,862,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after buying an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in The Hanover Insurance Group during the fourth quarter worth about $201,000. BNP Paribas Financial Markets raised its holdings in shares of The Hanover Insurance Group by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock worth $1,772,000 after purchasing an additional 6,112 shares during the period. HighTower Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 82.4% during the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after purchasing an additional 5,194 shares during the period. Finally, Congress Asset Management Co. increased its position in The Hanover Insurance Group by 42.5% during the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after purchasing an additional 13,750 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

THG stock opened at $175.24 on Thursday. The stock’s 50 day moving average is $164.56 and its two-hundred day moving average is $157.78. 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 market capitalization of $6.30 billion, a PE 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 (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Analysts predict 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 paid a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.05%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

Insider Activity at The Hanover Insurance Group

In related 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 completion of the sale, the chief executive officer now owns 124,278 shares of the company’s stock, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on THG shares. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets increased their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted 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. 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.com, the stock has a consensus 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.