Northern Trust Corp Has $59.34 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Northern Trust Corp raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,670 shares of the insurance provider's stock after buying an additional 110,944 shares during the quarter. Northern Trust Corp owned about 1.06% of The Hanover Insurance Group worth $59,338,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in THG. Wilmington Savings Fund Society FSB bought a new stake in The Hanover Insurance Group during the third quarter valued at $30,000. EverSource Wealth Advisors LLC grew its position in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC raised its stake in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares during the period. Eagle Bay Advisors LLC lifted its holdings in The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after acquiring an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 235 shares during the period. 86.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, March 27th. The shares were 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 of the company's stock, valued at $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock was sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president now directly owns 25,864 shares of the company's stock, 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 sold a total of 11,027 shares of company stock valued at $1,841,309 over the last three months. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on THG. Piper Sandler raised their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. JMP Securities lifted their price objective 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. Morgan Stanley upped their target price on shares of 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, Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $179.50.

The Hanover Insurance Group Price Performance

THG stock traded up $0.35 during trading hours on Friday, hitting $166.59. 180,882 shares of the stock traded hands, compared to its average volume of 206,837. 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 stock has a 50-day simple moving average of $165.34 and a 200 day simple moving average of $160.26. 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 $5.99 billion, a P/E ratio of 14.25 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The business had revenue of $1.51 billion for 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 business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 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.