The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,738 shares of the insurance provider’s stock after acquiring an additional 3,573 shares during the period. JPMorgan Chase & Co.’s holdings in The Hanover Insurance Group were worth $11,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THG. Barclays PLC lifted its position in shares of The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after acquiring an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of The Hanover Insurance Group during the fourth quarter worth $201,000. HighTower Advisors LLC raised its position in shares of The Hanover Insurance Group by 82.4% during 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 during the period. Congress Asset Management Co. boosted its position in shares of The Hanover Insurance Group by 42.5% in the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock valued at $7,128,000 after purchasing an additional 13,750 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at $1,046,000. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Up 0.0 %

THG stock opened at $156.07 on Monday. The company has a 50 day moving average of $164.96 and a two-hundred day moving average of $158.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 13.35 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.31%. The Hanover Insurance Group’s dividend payout ratio is 30.80%.

Wall Street Analyst Weigh In

A number of research firms have commented on THG. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price target on shares of 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 lifted 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 research report on Thursday, December 19th. Piper Sandler boosted their target price 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. Finally, Morgan Stanley raised their target price on 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. Five 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 currently has an average rating of “Hold” and a consensus target price of $178.00.

Insider Activity at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction on 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 approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

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.