Susquehanna Fundamental Investments LLC Takes $3.17 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,511 shares of the insurance provider's stock, valued at approximately $3,172,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of The Hanover Insurance Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of The Hanover Insurance Group in the third quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of The Hanover Insurance Group by 49.5% during the 4th 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 grew its stake in shares of The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock worth $52,000 after buying an additional 235 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

THG has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com cut shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price target on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler raised their price objective on 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $178.00.

Insider Activity at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $166.06 on Wednesday. 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 business has a 50 day moving average price of $164.97 and a 200 day moving average price of $159.46. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 14.21 and a beta of 0.47. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company 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. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.17%. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

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.

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.