Pacer Advisors Inc. Acquires 4,311 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Pacer Advisors Inc. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THGFree Report) by 142.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,336 shares of the insurance provider’s stock after acquiring an additional 4,311 shares during the quarter. Pacer Advisors Inc.’s holdings in The Hanover Insurance Group were worth $891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THG. Norges Bank bought a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $51,392,000. Mesirow Institutional Investment Management Inc. bought a new position in The Hanover Insurance Group in the third quarter valued at approximately $16,231,000. Morgan Stanley boosted its stake in The Hanover Insurance Group by 31.0% in the third quarter. Morgan Stanley now owns 430,645 shares of the insurance provider’s stock valued at $47,793,000 after acquiring an additional 101,823 shares during the last quarter. Lazard Asset Management LLC bought a new position in The Hanover Insurance Group in the third quarter valued at approximately $10,944,000. Finally, Point72 Asset Management L.P. raised its holdings in The Hanover Insurance Group by 56,753.3% in the second quarter. Point72 Asset Management L.P. now owns 93,808 shares of the insurance provider’s stock worth $10,603,000 after purchasing an additional 93,643 shares during the period. 86.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

THG has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $124.00 to $137.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Oppenheimer increased their target price on shares of The Hanover Insurance Group from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Piper Sandler reiterated an “overweight” rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday. Finally, StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

View Our Latest Research Report on THG

Insider Activity at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total value of $65,570.00. Following the completion of the transaction, the senior vice president now owns 3,612 shares of the company’s stock, valued at $473,677.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Trading Up 0.2 %

Shares of NYSE:THG opened at $133.00 on Thursday. The Hanover Insurance Group, Inc. has a 12 month low of $103.82 and a 12 month high of $138.00. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $131.82 and its 200 day simple moving average is $123.68. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 141.49 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THGGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. As a group, research analysts forecast that The Hanover Insurance Group, Inc. will post 10.07 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 361.71%.

The Hanover Insurance Group Company Profile

(Free Report)

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.

Recommended Stories

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:THGFree Report).

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.