First Trust Advisors LP Has $45.30 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

First Trust Advisors LP cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,895 shares of the insurance provider's stock after selling 42,117 shares during the period. First Trust Advisors LP owned about 0.81% of The Hanover Insurance Group worth $45,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its position in The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after purchasing an additional 65 shares during the period. AMG National Trust Bank increased its holdings in The Hanover Insurance Group by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after purchasing an additional 71 shares during the period. Ironwood Investment Management LLC grew its position in shares of The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after buying an additional 85 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 90 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of The Hanover Insurance Group by 4.7% in the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the period. Institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. 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. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. StockNews.com cut shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Price Performance

THG traded up $0.10 on Tuesday, hitting $163.01. 34,538 shares of the company were exchanged, compared to its average volume of 203,061. The business's fifty day moving average is $164.82 and its 200 day moving average is $159.42. The firm has a market capitalization of $5.86 billion, a P/E ratio of 13.93 and a beta of 0.47. 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, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's payout ratio is currently 30.80%.

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.