Schonfeld Strategic Advisors LLC Reduces Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Schonfeld Strategic Advisors LLC trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,986 shares of the insurance provider's stock after selling 10,328 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of The Hanover Insurance Group worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of 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 valued at $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 226.0% during 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 in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction on Wednesday, May 7th. The shares were 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 owns 25,864 shares in the company, valued at $4,308,942.40. This trade represents a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Roche sold 200 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,027 shares of company stock valued at $1,841,309. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on THG. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities lifted their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a report on Thursday, May 1st. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, Morgan Stanley increased their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Stock Performance

THG traded up $0.96 during midday trading on Friday, reaching $167.20. The company had a trading volume of 42,259 shares, compared to its average volume of 205,891. The business has a 50-day moving average of $165.41 and a two-hundred day moving average of $160.15. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16. The company has a market cap of $6.01 billion, a P/E ratio of 14.30 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

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.