Quarry LP Buys 589 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Quarry LP lifted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 209.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 870 shares of the insurance provider’s stock after purchasing an additional 589 shares during the period. Quarry LP’s holdings in The Hanover Insurance Group were worth $135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the third quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after buying an additional 102 shares during the period. Venturi Wealth Management LLC grew its stake in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings 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 valued at $44,000 after acquiring an additional 236 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 235 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Up 0.7 %

Shares of NYSE THG opened at $162.81 on Tuesday. The stock has a market capitalization of $5.85 billion, a P/E ratio of 13.93 and a beta of 0.47. The firm’s 50 day simple moving average is $164.82 and its two-hundred day simple moving average is $159.42. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. 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 Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. As a group, 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. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.21%. The Hanover Insurance Group’s dividend payout ratio is 30.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on THG. StockNews.com downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Piper Sandler raised their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a research report on Wednesday, April 9th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, 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. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $178.00.

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.