Hsbc Holdings PLC Has $2.09 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Hsbc Holdings PLC increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 803.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,542 shares of the insurance provider's stock after purchasing an additional 12,043 shares during the quarter. Hsbc Holdings PLC's holdings in The Hanover Insurance Group were worth $2,091,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in THG. Norges Bank acquired a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $67,928,000. 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 worth $188,363,000 after purchasing an additional 270,491 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in The Hanover Insurance Group during the 4th quarter valued at approximately $21,797,000. American Century Companies Inc. grew its stake in The Hanover Insurance Group by 15.7% during the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after buying an additional 130,054 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in The Hanover Insurance Group in the fourth quarter worth $8,612,000. Institutional investors and hedge funds own 86.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on THG. Keefe, Bruyette & Woods lowered their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. JMP Securities raised their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Five equities research 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 $179.25.

Insider Buying and Selling at The Hanover Insurance Group

In other 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 sale, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of NYSE THG traded up $4.66 during midday trading on Friday, reaching $170.25. The company's stock had a trading volume of 278,869 shares, compared to its average volume of 204,912. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 14.56 and a beta of 0.47. The company has a 50 day moving average price of $165.45 and a 200 day moving average price of $159.84. 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 return on equity of 18.01% and a net margin of 6.83%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.08 EPS. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.11%. The Hanover Insurance Group's payout ratio is presently 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.