Pictet Asset Management Holding SA Acquires 722 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Pictet Asset Management Holding SA boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,437 shares of the insurance provider’s stock after buying an additional 722 shares during the quarter. Pictet Asset Management Holding SA’s holdings in The Hanover Insurance Group were worth $841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC grew its stake in shares of The Hanover Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after acquiring an additional 17,583 shares during the period. Captrust Financial Advisors boosted its position in shares of The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 81 shares during the period. HighTower Advisors LLC increased its stake in shares of The Hanover Insurance Group by 82.4% in the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after purchasing an additional 5,194 shares in the last quarter. Point72 DIFC Ltd bought a new position in The Hanover Insurance Group in the 3rd quarter worth $63,000. Finally, Quantinno Capital Management LP increased its stake in The Hanover Insurance Group by 28.1% in the 3rd quarter. Quantinno Capital Management LP now owns 8,748 shares of the insurance provider’s stock worth $1,296,000 after buying an additional 1,918 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Down 4.3 %

THG stock opened at $150.83 on Tuesday. The firm has a market cap of $5.42 billion, a PE ratio of 12.90 and a beta of 0.47. The firm has a fifty day moving average price of $164.90 and a 200 day moving average price of $158.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS 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%. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given 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 yield of 2.39%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

Insider Activity

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The shares were 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 of the company’s stock, valued at approximately $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on THG shares. Morgan Stanley boosted their price objective on 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. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Piper Sandler lifted 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 report on Tuesday, April 1st. Finally, BMO Capital Markets upped their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $179.00.

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.