4,241 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,241 shares of the insurance provider's stock, valued at approximately $656,000.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in The Hanover Insurance Group by 61.5% in the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after buying an additional 10,341 shares during the last quarter. Congress Asset Management Co. lifted its position in The Hanover Insurance Group by 42.5% in the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after buying an additional 13,750 shares during the last quarter. Hodges Capital Management Inc. lifted its position in The Hanover Insurance Group by 48.8% in the fourth quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock valued at $11,832,000 after buying an additional 25,089 shares during the last quarter. Bank of New York Mellon Corp lifted its position in The Hanover Insurance Group by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock valued at $53,996,000 after buying an additional 24,290 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in The Hanover Insurance Group in the fourth quarter valued at about $4,903,000. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 0.9%

NYSE:THG traded up $1.51 during mid-day trading on Friday, hitting $168.50. The stock had a trading volume of 192,420 shares, compared to its average volume of 209,261. The stock has a 50-day simple moving average of $165.33 and a two-hundred day simple moving average of $161.54. The company has a market capitalization of $6.05 billion, a PE ratio of 14.41 and a beta of 0.44. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

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

The Hanover Insurance Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.14%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

Insider Transactions at The Hanover Insurance Group

In other 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 transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at $21,772,450. The trade was a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 25,864 shares of the company's stock, valued at $4,308,942.40. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,027 shares of company stock worth $1,841,309. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. JMP Securities raised their price objective on shares of 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. Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group has an average rating of "Moderate Buy" and an average price target of $179.50.

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.