The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the 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 approximately 0.06% of The Hanover Insurance Group worth $3,246,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of THG. Vanguard Group Inc. raised its holdings in shares of The Hanover Insurance Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock worth $558,934,000 after acquiring an additional 23,565 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock worth $230,349,000 after buying an additional 4,799 shares in the last quarter. Franklin Resources Inc. raised its position in shares of The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after buying an additional 270,491 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in The Hanover Insurance Group by 4.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock worth $168,237,000 after acquiring an additional 43,918 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in The Hanover Insurance Group by 15.7% in the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Trading Down 0.2 %

Shares of The Hanover Insurance Group stock traded down $0.30 during trading hours on Wednesday, hitting $166.94. The company's stock had a trading volume of 245,635 shares, compared to its average volume of 205,662. The business has a fifty day moving average of $165.54 and a 200 day moving average of $160.06. 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 quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $6.00 billion, a PE ratio of 14.28 and a beta of 0.44.

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

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is presently 29.98%.

Analysts Set New Price Targets

Several research firms have recently issued reports on THG. Piper Sandler raised their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. JMP Securities boosted their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Buying and Selling at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by corporate 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.