Two Sigma Investments LP Has $9.96 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Two Sigma Investments LP lessened its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,393 shares of the insurance provider's stock after selling 23,536 shares during the period. Two Sigma Investments LP owned 0.18% of The Hanover Insurance Group worth $9,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock valued at $558,934,000 after acquiring an additional 23,565 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock valued at $230,349,000 after purchasing an additional 4,799 shares during the period. Franklin Resources Inc. raised its stake in shares of The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after purchasing an additional 270,491 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of The Hanover Insurance Group by 4.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock valued at $168,237,000 after purchasing an additional 43,918 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after purchasing an additional 130,054 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on THG shares. JMP Securities raised their target price 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. Morgan Stanley upped 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, May 19th. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Finally, Piper Sandler increased their target price 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $179.50.

Insider Activity

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Roche sold 200 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the transaction, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,027 shares of company stock worth $1,841,309. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Trading Up 0.5%

THG stock traded up $0.96 during mid-day trading on Friday, reaching $175.13. 36,232 shares of the stock traded hands, compared to its average volume of 210,382. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The stock's fifty day moving average is $165.38 and its 200-day moving average is $161.87. The company has a market cap of $6.29 billion, a P/E ratio of 14.98 and a beta of 0.44. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $3.08 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group 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.