Lighthouse Investment Partners LLC Purchases Shares of 97,874 The Hanover Insurance Group, Inc. (NYSE:THG)

Lighthouse Investment Partners LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 97,874 shares of the insurance provider’s stock, valued at approximately $15,137,000. Lighthouse Investment Partners LLC owned about 0.27% of The Hanover Insurance Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THG. Wilmington Savings Fund Society FSB acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 91.9% during the 4th 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 in the last quarter. Venturi Wealth Management LLC lifted its holdings 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 valued at $42,000 after acquiring an additional 90 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings 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 valued at $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after acquiring 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 Price Performance

THG opened at $166.59 on Monday. The company has a 50-day moving average of $165.34 and a 200-day moving average of $160.39. The company has a market capitalization of $5.98 billion, a P/E ratio of 14.25 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. 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 earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.08 EPS. Equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is currently 29.98%.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the sale, the executive vice president now owns 25,864 shares of the company’s stock, valued at $4,308,942.40. This represents a 28.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 of the company’s stock, valued at approximately $21,749,892.78. This represents a 0.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,027 shares of company stock valued at $1,841,309. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

THG has been the topic of a number of recent analyst reports. 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 report on Tuesday, April 1st. Morgan Stanley boosted 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 report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a “market perform” rating in a report on Wednesday, May 7th. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Finally, JMP Securities boosted their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a “market outperform” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.50.

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.