Empowered Funds LLC Takes Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Empowered Funds LLC acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,355 shares of the insurance provider's stock, valued at approximately $1,292,000.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its position in The Hanover Insurance Group by 10.7% in the third 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 last quarter. State Street Corp increased its position in The Hanover Insurance Group by 0.3% during the third 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 increased its position in The Hanover Insurance Group by 0.5% during the third 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 last quarter. Geode Capital Management LLC increased its position in The Hanover Insurance Group by 2.6% during the third 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 last quarter. Finally, International Assets Investment Management LLC increased its position in The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock valued at $81,823,000 after acquiring an additional 548,720 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on THG shares. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted 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. JMP Securities boosted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Finally, Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $175.25.

The Hanover Insurance Group Stock Down 0.3 %

NYSE:THG traded down $0.54 during mid-day trading on Thursday, reaching $158.60. The company's stock had a trading volume of 150,122 shares, compared to its average volume of 222,613. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $166.98. The stock has a fifty day moving average of $155.88 and a 200-day moving average of $151.63. The firm has a market capitalization of $5.71 billion, a PE ratio of 13.57 and a beta of 0.72. 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 (NYSE:THG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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 research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.27%. The Hanover Insurance Group's dividend payout ratio is 30.80%.

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.