Bank of Nova Scotia Has $1.59 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Bank of Nova Scotia decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,270 shares of the insurance provider's stock after selling 6,515 shares during the quarter. Bank of Nova Scotia's holdings in The Hanover Insurance Group were worth $1,588,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of The Hanover Insurance Group by 0.7% during the 4th 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of The Hanover Insurance Group by 0.3% during the 4th 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 during the last quarter. 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 valued at $188,363,000 after buying an additional 270,491 shares in the last quarter. American Century Companies Inc. increased its position in shares of The Hanover Insurance Group by 15.7% during the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after purchasing an additional 130,054 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in The Hanover Insurance Group by 2.4% during the fourth quarter. Alliancebernstein L.P. now owns 860,260 shares of the insurance provider's stock worth $133,048,000 after buying an additional 19,956 shares during the period. Hedge funds and other institutional investors own 86.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on THG. Keefe, Bruyette & Woods dropped their price objective on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets raised their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $178.00.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the sale, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Trading Up 0.2 %

Shares of THG traded up $0.25 during mid-day trading on Friday, reaching $161.63. The company had a trading volume of 315,366 shares, compared to its average volume of 202,564. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week 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 stock has a market cap of $5.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.47. The firm has a fifty day simple moving average of $164.74 and a 200-day simple moving average of $158.54.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a dividend yield of 2.23%. The Hanover Insurance Group's dividend payout ratio is 30.80%.

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.