FJ Capital Management LLC Has $3.46 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

FJ Capital Management LLC grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 307.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,377 shares of the insurance provider's stock after purchasing an additional 16,886 shares during the period. FJ Capital Management LLC owned approximately 0.06% of The Hanover Insurance Group worth $3,461,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of THG. Norges Bank acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at $67,928,000. Franklin Resources Inc. increased 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 period. Wealthfront Advisers LLC acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at $21,797,000. American Century Companies Inc. increased its holdings 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 valued at $148,297,000 after purchasing an additional 130,054 shares during the period. Finally, AQR Capital Management LLC increased its holdings 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 valued at $44,443,000 after purchasing an additional 123,793 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John C. Roche sold 200 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares of the company's stock, valued at $21,749,892.78. The trade was a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,027 shares of company stock valued at $1,841,309. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THG. JMP Securities raised their price target 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. Keefe, Bruyette & Woods raised their target price on 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. Morgan Stanley raised their target price on 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. StockNews.com raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Hanover Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Trading Down 0.6%

THG traded down $1.05 during trading on Tuesday, reaching $166.52. The company had a trading volume of 175,454 shares, compared to its average volume of 206,978. The firm's 50-day simple moving average is $165.31 and its 200 day simple moving average is $160.53. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 14.24 and a beta of 0.44. 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 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 issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The Hanover Insurance Group's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $3.08 EPS. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.16%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

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.