Bank of Montreal Can Acquires 661 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Bank of Montreal Can increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,604 shares of the insurance provider’s stock after buying an additional 661 shares during the period. Bank of Montreal Can’s holdings in The Hanover Insurance Group were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group in the third quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 102 shares during the period. 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 valued at $42,000 after buying 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% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after buying an additional 236 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 235 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $161.63 on Friday. The company’s fifty day moving average is $164.75 and its 200 day moving average is $158.45. 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 52 week low of $119.66 and a 52 week high of $176.16. The stock has a market cap of $5.81 billion, a PE ratio of 13.83 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current 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 issued 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 2.23%. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Analysts Set New Price Targets

A number of research firms have recently commented on THG. Morgan Stanley boosted 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 report on Thursday, February 6th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. BMO Capital Markets lifted their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Piper Sandler increased their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods cut their target price 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group 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 directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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.