Quantinno Capital Management LP Has $2.94 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Quantinno Capital Management LP boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 117.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,034 shares of the insurance provider's stock after acquiring an additional 10,286 shares during the quarter. Quantinno Capital Management LP owned 0.05% of The Hanover Insurance Group worth $2,944,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Barclays PLC boosted its stake 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 acquiring an additional 10,341 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $5,276,000. Park Avenue Securities LLC lifted its stake in The Hanover Insurance Group by 21.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,528 shares of the insurance provider's stock valued at $855,000 after buying an additional 965 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in The Hanover Insurance Group by 3.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,182 shares of the insurance provider's stock valued at $801,000 after purchasing an additional 170 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in The Hanover Insurance Group by 1.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,583 shares of the insurance provider's stock worth $1,946,000 after buying an additional 215 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Insider Activity

In related news, CEO John C. Roche sold 301 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This represents a 0.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the 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. This represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,027 shares of company stock valued at $1,841,309. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on THG. Piper Sandler boosted their price target 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 stock a "market outperform" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods raised their price objective on shares of 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. Finally, Morgan Stanley increased 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 note on Monday, May 19th. 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.50.

The Hanover Insurance Group Trading Up 0.9%

The Hanover Insurance Group stock traded up $1.51 during midday trading 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 debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The stock's 50-day simple moving average is $165.33 and its 200 day simple moving average is $161.58. The stock has a market capitalization of $6.05 billion, a PE ratio of 14.41 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $3.08 EPS. The Hanover Insurance Group's revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared 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 dividend yield of 2.14%. The Hanover Insurance Group's payout ratio is currently 29.98%.

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.