ExodusPoint Capital Management LP Sells 11,051 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

ExodusPoint Capital Management LP trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the insurance provider's stock after selling 11,051 shares during the quarter. ExodusPoint Capital Management LP's holdings in The Hanover Insurance Group were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in THG. Bryce Point Capital LLC purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at $1,207,000. Massachusetts Financial Services Co. MA raised its position in 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 valued at $230,349,000 after purchasing an additional 4,799 shares in the last quarter. Trexquant Investment LP lifted its stake in The Hanover Insurance Group by 236.4% during the fourth quarter. Trexquant Investment LP now owns 57,299 shares of the insurance provider's stock worth $8,862,000 after purchasing an additional 40,265 shares during the last quarter. National Bank of Canada FI bought a new stake in The Hanover Insurance Group during the fourth quarter worth about $1,160,000. Finally, Franklin Resources Inc. boosted its holdings in shares of The Hanover Insurance Group by 28.6% in the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after purchasing an additional 270,491 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Up 0.2 %

THG traded up $0.25 during trading on Friday, hitting $161.63. 315,366 shares of the stock traded hands, compared to its average volume of 202,768. The firm has a 50-day moving average of $164.74 and a 200 day moving average of $158.54. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. The firm has a market capitalization of $5.81 billion, a P/E ratio of 13.83 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts' consensus estimates 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%. Equities research 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on THG shares. Keefe, Bruyette & Woods dropped their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets boosted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Piper Sandler upped their price objective 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. Morgan Stanley lifted 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. Finally, Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, The Hanover Insurance Group presently has an average rating of "Hold" and a consensus price target of $178.00.

Insider Buying and Selling

In related news, CEO John C. Roche sold 301 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

About The Hanover Insurance Group

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.