The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Woodline Partners LP

Woodline Partners LP boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1,575.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 129,848 shares of the insurance provider's stock after acquiring an additional 122,098 shares during the quarter. Woodline Partners LP owned about 0.36% of The Hanover Insurance Group worth $20,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of The Hanover Insurance Group by 0.7% in 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 period. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Hanover Insurance Group by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock valued at $230,349,000 after buying an additional 4,799 shares during the period. Franklin Resources Inc. lifted its holdings in shares of The Hanover Insurance Group by 28.6% in the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after buying an additional 270,491 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of The Hanover Insurance Group by 4.2% in the 4th 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 buying 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 valued at $148,297,000 after buying an additional 130,054 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan J. Salvatore sold 10,526 shares of the company'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 value of $1,753,631.60. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,027 shares of company stock worth $1,841,309 in the last ninety days. Insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

THG has been the subject of several analyst reports. JMP Securities boosted their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective 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. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler lifted their price target on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.50.

The Hanover Insurance Group Price Performance

NYSE:THG traded up $1.83 during trading hours on Tuesday, hitting $170.42. 57,711 shares of the stock were exchanged, compared to its average volume of 244,723. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The firm's fifty day moving average price is $165.28 and its 200 day moving average price is $161.64. 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 $6.12 billion, a P/E ratio of 14.58 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $3.08 EPS. The Hanover Insurance Group's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal 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.