Nomura Holdings Inc. Invests $739,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

Nomura Holdings Inc. bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,781 shares of the insurance provider's stock, valued at approximately $739,000.

Several other institutional investors also recently bought and sold shares of THG. EverSource Wealth Advisors LLC lifted its stake in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its holdings 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 lifted its position 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 buying an additional 374 shares in the last quarter. Millstone Evans Group LLC bought a new position in The Hanover Insurance Group during the fourth quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV bought a new position in The Hanover Insurance Group during the fourth quarter valued at approximately $72,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 0.9%

Shares of THG stock traded up $1.51 during trading hours on Monday, reaching $168.50. 192,420 shares of the stock were exchanged, compared to its average volume of 209,261. 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 firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 14.41 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. The company's 50-day moving average price is $165.33 and its 200-day moving average price is $161.58.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted 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 company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The Hanover Insurance Group's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.08 EPS. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped 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. JMP Securities upped their price target 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. 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. 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. Finally, Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Activity

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares in the company, valued at $21,749,892.78. This trade represents a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was 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 owns 25,864 shares in the company, valued at $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,027 shares of company stock valued at $1,841,309. 2.50% of the stock is currently owned by company insiders.

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.