Two Sigma Advisers LP Has $5.63 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

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

Several other institutional investors and hedge funds have also made changes to their positions in THG. Vanguard Group Inc. grew its position in shares of 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 buying an additional 23,565 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 last quarter. Franklin Resources Inc. grew its holdings 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of The Hanover Insurance Group by 4.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock worth $168,237,000 after purchasing an additional 43,918 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of The Hanover Insurance Group by 15.7% in the 4th 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 last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods raised their price target 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. JMP Securities boosted their price objective on 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. Piper Sandler raised their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley lifted their target price on The Hanover Insurance Group from $163.00 to $170.00 and gave the company 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 issued a buy rating to the company's stock. According to data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Price Performance

Shares of THG stock traded down $1.40 during mid-day trading on Wednesday, hitting $171.85. 398,355 shares of the stock traded hands, compared to its average volume of 210,253. The company's 50-day simple moving average is $165.32 and its 200-day simple moving average is $161.72. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 14.70 and a beta of 0.44. 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 (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the company posted $3.08 EPS. The business's revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 25,864 shares of the company's stock, valued at $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Roche sold 200 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the transaction, the chief executive officer now owns 124,278 shares of the company's stock, valued at $21,749,892.78. This trade represents a 0.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,027 shares of company stock worth $1,841,309. 2.50% of the stock is owned by 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.