The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,400 shares of the insurance provider's stock after selling 7,900 shares during the period. Two Sigma Advisers LP owned approximately 0.10% of The Hanover Insurance Group worth $5,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 90 shares during the period. True Wealth Design LLC lifted its stake in shares of The Hanover Insurance Group by 81.7% in the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of The Hanover Insurance Group by 4,675.0% in the 4th quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 374 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at $68,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

NYSE THG traded up $0.71 on Friday, hitting $174.88. The company had a trading volume of 42,421 shares, compared to its average volume of 210,427. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. The company has a market capitalization of $6.28 billion, a PE ratio of 14.93 and a beta of 0.44. The company's fifty day moving average price is $165.38 and its 200-day moving average price is $161.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $3.08 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on THG. Piper Sandler boosted 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. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. 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. Morgan Stanley boosted their price target 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. Finally, 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 report on Thursday, May 1st. Five equities 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $179.50.

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the business'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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the transaction, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,027 shares of company stock valued at $1,841,309 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Company 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.