Sherbrooke Park Advisers LLC Takes $449,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Sherbrooke Park Advisers LLC acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,906 shares of the insurance provider's stock, valued at approximately $449,000.

Several other large investors have also recently modified their holdings of THG. Norges Bank bought a new position in The Hanover Insurance Group during the 4th quarter worth approximately $67,928,000. Franklin Resources Inc. grew its holdings in shares of The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after purchasing an additional 270,491 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of The Hanover Insurance Group in the fourth quarter worth $21,797,000. American Century Companies Inc. raised its holdings in The Hanover Insurance Group by 15.7% during the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock valued at $148,297,000 after buying an additional 130,054 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in The Hanover Insurance Group by 75.7% during the 4th quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after buying an additional 123,793 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted 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 report on Monday. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Finally, StockNews.com raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Five equities research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.50.

The Hanover Insurance Group Stock Down 1.4%

The Hanover Insurance Group stock traded down $2.38 during trading hours on Wednesday, hitting $166.87. 155,896 shares of the stock traded hands, compared to its average volume of 208,402. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The firm's 50-day moving average price is $165.49 and its two-hundred day moving average price is $161.21. 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 company has a market cap of $5.99 billion, a PE ratio of 14.27 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.83% and a return on equity of 18.01%. The Hanover Insurance Group's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $3.08 EPS. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.16%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group 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 directly owns 25,864 shares of the company's stock, valued at $4,308,942.40. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,027 shares of company stock valued at $1,841,309. 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.