Jane Street Group LLC Decreases Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Jane Street Group LLC reduced its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,290 shares of the insurance provider's stock after selling 15,031 shares during the period. Jane Street Group LLC's holdings in The Hanover Insurance Group were worth $1,901,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after purchasing an additional 90 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of The Hanover Insurance Group by 4,675.0% in the fourth quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock worth $59,000 after purchasing an additional 374 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth approximately $72,000. 86.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO John C. Roche sold 301 shares of the business's stock in a transaction dated 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. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,027 shares of company stock worth $1,841,309 in the last quarter. 2.50% of the stock is owned by company insiders.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG traded down $0.89 during trading on Tuesday, reaching $169.04. 153,311 shares of the stock traded hands, compared to its average volume of 208,162. The stock has a market capitalization of $6.07 billion, a P/E ratio of 14.46 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week 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 company has a 50-day moving average of $165.49 and a 200-day moving average of $161.21.

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

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.13%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on THG shares. JMP Securities raised their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Morgan Stanley raised their target price on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and a consensus 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.