Assenagon Asset Management S.A. Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Assenagon Asset Management S.A. purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 18,748 shares of the insurance provider's stock, valued at approximately $2,553,000. Assenagon Asset Management S.A. owned 0.05% of The Hanover Insurance Group at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. boosted its position in shares of The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider's stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in The Hanover Insurance Group by 1.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider's stock worth $976,000 after acquiring an additional 109 shares during the period. Assetmark Inc. lifted its position in The Hanover Insurance Group by 13.8% during the 3rd quarter. Assetmark Inc. now owns 933 shares of the insurance provider's stock worth $104,000 after acquiring an additional 113 shares during the period. Arizona State Retirement System lifted its position in The Hanover Insurance Group by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,172 shares of the insurance provider's stock worth $1,129,000 after acquiring an additional 139 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its position in The Hanover Insurance Group by 3.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,948 shares of the insurance provider's stock worth $438,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by company insiders.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded down $2.17 on Tuesday, hitting $135.22. The company's stock had a trading volume of 95,766 shares, compared to its average volume of 161,381. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group, Inc. has a 1 year low of $103.82 and a 1 year high of $138.30. The firm has a fifty day moving average price of $131.79 and a 200-day moving average price of $128.10. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 30.32 and a beta of 0.67.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.85 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a dividend yield of 2.51%. The Hanover Insurance Group's dividend payout ratio is presently 76.23%.

Wall Street Analyst Weigh In

A number of brokerages have commented on THG. JMP Securities reaffirmed a "market outperform" rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Piper Sandler reiterated an "overweight" rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Oppenheimer lifted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price objective on 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. Finally, TheStreet upgraded The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.00.

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.

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