The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,221 shares of the insurance provider's stock after selling 2,644 shares during the period. Comerica Bank owned 0.09% of The Hanover Insurance Group worth $4,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC raised its holdings in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after acquiring an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $201,000. Congress Asset Management Co. lifted its position in The Hanover Insurance Group by 42.5% during the fourth 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 in the last quarter. Oak Thistle LLC acquired a new position in The Hanover Insurance Group during the fourth quarter worth $1,046,000. Finally, Hodges Capital Management Inc. grew its holdings in The Hanover Insurance Group by 48.8% in the 4th quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock valued at $11,832,000 after buying an additional 25,089 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

THG has been the topic of a number of analyst reports. Piper Sandler lifted 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 note 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, April 30th. Morgan Stanley increased their price objective on 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. Keefe, Bruyette & Woods reduced their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $179.25.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The stock was 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 trade 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. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

THG stock opened at $168.04 on Tuesday. The business's fifty day moving average price is $165.59 and its 200 day moving average price is $159.96. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. 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 market capitalization of $6.04 billion, a PE ratio of 14.38 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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm earned $3.08 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 yield of 2.14%. The Hanover Insurance Group's dividend payout ratio is presently 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.

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