UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $18.76 Million Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,319 shares of the insurance provider's stock after buying an additional 16,506 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of The Hanover Insurance Group worth $18,763,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of The Hanover Insurance Group during the fourth quarter worth $67,928,000. Franklin Resources Inc. increased its position 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 worth $188,363,000 after acquiring an additional 270,491 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of The Hanover Insurance Group during the fourth quarter worth $21,797,000. American Century Companies Inc. increased its position in shares of The Hanover Insurance Group by 15.7% during the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of The Hanover Insurance Group by 75.7% during the fourth quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock worth $44,443,000 after acquiring an additional 123,793 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen raised 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 raised 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 report on Wednesday, May 7th. Morgan Stanley raised their target price 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, May 19th. 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 report on Thursday, May 1st. Finally, Piper Sandler raised 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 report 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Stock Performance

Shares of THG traded up $1.89 during midday trading on Friday, reaching $176.06. The stock had a trading volume of 294,937 shares, compared to its average volume of 211,268. The firm has a 50 day simple moving average of $165.45 and a 200-day simple moving average of $161.95. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.78. The firm has a market cap of $6.32 billion, a PE ratio of 15.06 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 announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 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 the consensus estimate of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.08 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

Insider Activity 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 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 sale, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bryan J. Salvatore sold 10,526 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders have sold 11,027 shares of company stock valued at $1,841,309 over the last three months. 2.50% of the stock is owned by insiders.

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.