Heartland Advisors Inc. Reduces Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Heartland Advisors Inc. trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,387 shares of the insurance provider's stock after selling 5,279 shares during the quarter. Heartland Advisors Inc. owned approximately 0.18% of The Hanover Insurance Group worth $9,958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of The Hanover Insurance Group by 91.9% during 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 last quarter. Venturi Wealth Management LLC lifted its position in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after buying an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in 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 buying an additional 236 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 0.6 %

NYSE THG traded up $1.02 on Tuesday, reaching $174.97. The stock had a trading volume of 48,711 shares, compared to its average volume of 191,933. 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 stock has a fifty day moving average price of $163.82 and a two-hundred day moving average price of $157.46. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.13. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 14.99 and a beta of 0.65.

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The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THG. BMO Capital Markets raised their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Piper Sandler upped their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Morgan Stanley increased their price objective on 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $179.00.

Insider Activity at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the transaction, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.