Balyasny Asset Management L.P. Has $1.51 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Balyasny Asset Management L.P. lowered its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 97.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,751 shares of the insurance provider's stock after selling 317,821 shares during the quarter. Balyasny Asset Management L.P.'s holdings in The Hanover Insurance Group were worth $1,508,000 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 business. Aptus Capital Advisors LLC grew its holdings in The Hanover Insurance Group by 22.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 62,806 shares of the insurance provider's stock valued at $9,714,000 after buying an additional 11,422 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in The Hanover Insurance Group by 114.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,498 shares of the insurance provider's stock valued at $696,000 after buying an additional 2,405 shares during the last quarter. AQR Capital Management LLC grew its holdings in The Hanover Insurance Group by 75.7% in the 4th quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after buying an additional 123,793 shares during the last quarter. Northern Trust Corp grew its holdings in The Hanover Insurance Group by 40.7% in the 4th quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock valued at $59,338,000 after buying an additional 110,944 shares during the last quarter. Finally, 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 worth $135,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Analyst Ratings Changes

THG has been the topic of several recent research reports. Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. StockNews.com raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on 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. Morgan Stanley lifted their price objective on 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. Finally, Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Buying and Selling at The Hanover Insurance Group

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 stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the sale, the executive vice president now owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,027 shares of company stock worth $1,841,309. 2.50% of the stock is currently owned by insiders.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $2.50 during midday trading on Friday, hitting $168.43. 158,600 shares of the company were exchanged, compared to its average volume of 207,827. The firm has a 50 day simple moving average of $165.31 and a 200-day simple moving average of $160.85. 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, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16. The firm has a market cap of $6.05 billion, a P/E ratio of 14.41 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $3.08 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.14%. The Hanover Insurance Group's payout ratio is 29.98%.

The Hanover Insurance Group Company 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.