Polymer Capital Management US LLC Buys New Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Polymer Capital Management US LLC purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,705 shares of the insurance provider’s stock, valued at approximately $264,000.

A number of other hedge funds also recently bought and sold shares of THG. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its position in The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in The Hanover Insurance Group by 502.1% during the 4th 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 lifted its position in The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

The Hanover Insurance Group Trading Down 4.3 %

NYSE:THG opened at $150.83 on Tuesday. 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 firm has a 50-day simple moving average of $164.90 and a 200-day simple moving average of $158.09. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The firm has a market cap of $5.42 billion, a P/E ratio of 12.90 and a beta of 0.47.

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%. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Insider Activity at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares of the company’s stock, valued at $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate 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.