Treasurer of the State of North Carolina Boosts Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Treasurer of the State of North Carolina lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,694 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Treasurer of the State of North Carolina’s holdings in The Hanover Insurance Group were worth $2,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 102 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in 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 worth $42,000 after acquiring an additional 90 shares in the last quarter. Eagle Bay Advisors LLC increased its position 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 purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after purchasing an additional 235 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares of the company’s stock, valued at $21,749,892.78. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on THG shares. BMO Capital Markets increased their target price 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. Piper Sandler raised their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lowered 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 report on Wednesday, April 9th. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $178.00.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $161.63 on Friday. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.47. The firm’s fifty day simple moving average is $164.75 and its 200-day simple moving average is $158.45. 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, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.23%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 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.