OMERS ADMINISTRATION Corp Buys New Shares in The Hanover Insurance Group, Inc. (NYSE:THG)

OMERS ADMINISTRATION Corp bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,800 shares of the insurance provider's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in THG. EverSource Wealth Advisors LLC increased its position in 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 period. Venturi Wealth Management LLC increased its position in 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 period. Jones Financial Companies Lllp increased its position in 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 period. Millstone Evans Group LLC bought a new stake in shares of The Hanover Insurance Group during the fourth quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of The Hanover Insurance Group during the fourth quarter worth approximately $72,000. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 0.9%

Shares of THG traded up $1.51 during trading hours on Friday, reaching $168.50. The stock had a trading volume of 192,420 shares, compared to its average volume of 209,261. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. 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 50-day moving average of $165.33 and a 200 day moving average of $161.54. The company 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 released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating 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 business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the company earned $3.08 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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. Investors of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is presently 29.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JMP Securities boosted their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 1st. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Morgan Stanley lifted their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods raised their target price 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. Finally, Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $179.50.

Insider Buying and Selling

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value 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 approximately $4,308,942.40. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Roche sold 301 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 11,027 shares of company stock valued at $1,841,309. Company insiders own 2.50% of the company's stock.

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.