The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,217,919 shares of the insurance provider's stock after acquiring an additional 270,491 shares during the period. Franklin Resources Inc. owned approximately 3.38% of The Hanover Insurance Group worth $188,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group in the third quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its stake 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 worth $44,000 after acquiring an additional 236 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on THG shares. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday. BMO Capital Markets upped their target price on 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. Finally, Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $179.00.

The Hanover Insurance Group Stock Performance

NYSE:THG traded down $2.50 during mid-day trading on Thursday, hitting $172.64. The company's stock had a trading volume of 305,365 shares, compared to its average volume of 193,850. The business's fifty day moving average is $164.95 and its two-hundred day moving average is $157.89. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 14.77 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results 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 return on equity of 18.01% and a net margin of 6.83%. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.09%. The Hanover Insurance Group's payout ratio is 30.80%.

Insider Activity

In other news, CEO John C. Roche sold 200 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.40% of the company's stock.

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.