Boston Trust Walden Corp Sells 5,096 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Trust Walden Corp decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,597 shares of the insurance provider's stock after selling 5,096 shares during the quarter. Boston Trust Walden Corp owned 0.98% of The Hanover Insurance Group worth $54,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock worth $219,883,000 after purchasing an additional 143,339 shares during the period. State Street Corp lifted its stake in shares of The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock valued at $183,612,000 after acquiring an additional 3,780 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in The Hanover Insurance Group by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider's stock valued at $147,667,000 after acquiring an additional 4,717 shares during the period. Geode Capital Management LLC boosted its holdings in The Hanover Insurance Group by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock valued at $97,816,000 after acquiring an additional 16,800 shares during the period. Finally, International Assets Investment Management LLC grew its position in The Hanover Insurance Group by 14,711.0% during the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock worth $81,823,000 after acquiring an additional 548,720 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on THG shares. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Oppenheimer increased their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Morgan Stanley boosted their price objective 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. BMO Capital Markets increased 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 report on Thursday, December 19th. Finally, Piper Sandler boosted their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $174.88.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,100 shares of company stock valued at $1,951,223. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Up 3.7 %

The Hanover Insurance Group stock traded up $5.89 on Thursday, hitting $166.12. 457,059 shares of the stock traded hands, compared to its average volume of 217,790. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $166.98. The firm has a market cap of $5.99 billion, a P/E ratio of 16.48 and a beta of 0.72. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The business's fifty day simple moving average is $155.75 and its 200 day simple moving average is $149.81.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results 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 net margin of 5.92% and a return on equity of 15.53%. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.90 dividend. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group's payout ratio is currently 35.71%.

The Hanover Insurance Group 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.