Zurcher Kantonalbank Zurich Cantonalbank Purchases 562 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,309 shares of the insurance provider’s stock after buying an additional 562 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Hanover Insurance Group were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of THG. UMB Bank n.a. raised its position in shares of The Hanover Insurance Group by 55.6% during the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after buying an additional 84 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of The Hanover Insurance Group by 4,400.0% during the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after buying an additional 352 shares during the last quarter. Assetmark Inc. raised its position in shares of The Hanover Insurance Group by 13.8% during the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC raised its position in shares of The Hanover Insurance Group by 37.9% during the third quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock valued at $118,000 after buying an additional 292 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $197,000. Institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THG. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Piper Sandler restated an “overweight” rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.83.

Insider Activity

In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at $473,677.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Down 1.3 %

NYSE THG opened at $129.59 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $131.08 and a two-hundred day moving average of $125.80. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 137.86 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 52 week low of $103.82 and a 52 week high of $138.00.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.51 by $0.62. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. On average, analysts predict that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.70%.

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.