AQR Capital Management LLC Has $44.44 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

AQR Capital Management LLC raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,356 shares of the insurance provider's stock after purchasing an additional 123,793 shares during the period. AQR Capital Management LLC owned approximately 0.80% of The Hanover Insurance Group worth $44,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THG. Northern Trust Corp lifted its position in shares of The Hanover Insurance Group by 40.7% during the 4th quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock worth $59,338,000 after buying an additional 110,944 shares during the last quarter. Quarry LP grew its holdings in shares of The Hanover Insurance Group by 209.6% during the 4th quarter. Quarry LP now owns 870 shares of the insurance provider's stock valued at $135,000 after purchasing an additional 589 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in The Hanover Insurance Group during the 4th quarter worth approximately $355,000. Susquehanna Fundamental Investments LLC acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at approximately $3,172,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in The Hanover Insurance Group by 3.2% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 288,900 shares of the insurance provider's stock valued at $44,681,000 after buying an additional 8,900 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Down 0.9 %

NYSE THG traded down $1.57 during mid-day trading on Wednesday, reaching $165.67. 101,016 shares of the stock were exchanged, compared to its average volume of 205,150. 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 stock has a market cap of $5.95 billion, a P/E ratio of 14.20 and a beta of 0.44. The stock has a 50 day simple moving average of $165.61 and a 200-day simple moving average of $160.01. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $3.08 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research report on Wednesday. JMP Securities upped their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Piper Sandler boosted their target price 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. StockNews.com raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, 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 research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Activity

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value 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 approximately $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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.