Dynamic Technology Lab Private Ltd Purchases New Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Dynamic Technology Lab Private Ltd acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,293 shares of the insurance provider's stock, valued at approximately $886,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in The Hanover Insurance Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,610,736 shares of the insurance provider's stock valued at $400,719,000 after acquiring an additional 22,047 shares during the period. Massachusetts Financial Services Co. MA raised its position in The Hanover Insurance Group by 27.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,214,520 shares of the insurance provider's stock valued at $147,467,000 after purchasing an additional 264,483 shares during the last quarter. Victory Capital Management Inc. raised its position in The Hanover Insurance Group by 7.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider's stock valued at $125,495,000 after purchasing an additional 75,737 shares during the last quarter. Ameriprise Financial Inc. raised its position in The Hanover Insurance Group by 12.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider's stock valued at $90,468,000 after purchasing an additional 88,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in The Hanover Insurance Group by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider's stock valued at $92,374,000 after purchasing an additional 14,609 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on THG. Oppenheimer increased their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Piper Sandler reissued an "overweight" rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. TheStreet raised The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $146.00.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 4,398 shares in the company, valued at approximately $597,864.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Down 1.0 %

THG stock traded down $1.29 on Wednesday, reaching $133.90. 176,956 shares of the company traded hands, compared to its average volume of 161,538. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $4.81 billion, a P/E ratio of 30.02 and a beta of 0.67. The firm has a fifty day simple moving average of $131.84 and a 200-day simple moving average of $128.14.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.67 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.54%. The Hanover Insurance Group's dividend payout ratio is 76.23%.

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.