Louisiana State Employees Retirement System Makes New Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Louisiana State Employees Retirement System acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,000 shares of the insurance provider's stock, valued at approximately $1,214,000.

Several other large investors have also modified their holdings of the stock. Baystate Wealth Management LLC lifted its holdings in shares of The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider's stock worth $44,000 after acquiring an additional 352 shares during the period. Custom Index Systems LLC purchased a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $317,000. Ceredex Value Advisors LLC raised its holdings in The Hanover Insurance Group by 112.4% in the fourth quarter. Ceredex Value Advisors LLC now owns 83,043 shares of the insurance provider's stock valued at $10,083,000 after buying an additional 43,943 shares during the period. International Assets Investment Management LLC raised its holdings in The Hanover Insurance Group by 11,733.1% in the fourth quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider's stock valued at $56,465,000 after buying an additional 461,109 shares during the period. Finally, Ballentine Partners LLC purchased a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $205,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oppenheimer restated an "outperform" rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a report on Friday, April 5th. Piper Sandler restated an "overweight" rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 1st. StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. TheStreet upgraded shares of The Hanover Insurance Group from a "c+" rating to a "b-" rating in a report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.83.

The Hanover Insurance Group Stock Up 0.2 %

Shares of THG traded up $0.20 during mid-day trading on Tuesday, reaching $133.49. 193,017 shares of the stock traded hands, compared to its average volume of 162,590. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 142.03 and a beta of 0.67. The stock has a fifty day simple moving average of $131.37 and a 200 day simple moving average of $125.43. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group's payout ratio is currently 361.70%.

Insider Transactions at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the sale, the senior vice president now owns 3,612 shares of the company's stock, valued at $473,677.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Company 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.