Pinebridge Investments L.P. Purchases 5,066 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Pinebridge Investments L.P. increased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,936 shares of the insurance provider's stock after purchasing an additional 5,066 shares during the quarter. Pinebridge Investments L.P.'s holdings in The Hanover Insurance Group were worth $2,619,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of The Hanover Insurance Group by 61.5% during the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth $201,000. Congress Asset Management Co. increased its stake in The Hanover Insurance Group by 42.5% during the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock worth $7,128,000 after buying an additional 13,750 shares during the period. Oak Thistle LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth $1,046,000. Finally, Hodges Capital Management Inc. increased its stake in The Hanover Insurance Group by 48.8% during the 4th quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock worth $11,832,000 after buying an additional 25,089 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of NYSE THG traded down $0.25 during midday trading on Thursday, reaching $165.85. The company's stock had a trading volume of 360,048 shares, compared to its average volume of 205,579. 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 company has a 50 day moving average price of $165.14 and a 200 day moving average price of $159.50. 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 $5.96 billion, a price-to-earnings ratio of 14.19 and a beta of 0.47.

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. 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.17%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.

Analyst Upgrades and Downgrades

THG has been the subject of several research analyst reports. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased 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 report on Wednesday, April 9th. Finally, JMP Securities boosted their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday. 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 a consensus rating of "Moderate Buy" and a consensus price target of $179.25.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

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.