JPMorgan Chase & Co. Raises Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

JPMorgan Chase & Co. raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 72,738 shares of the insurance provider's stock after purchasing an additional 3,573 shares during the period. JPMorgan Chase & Co. owned 0.20% of The Hanover Insurance Group worth $11,250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. AMG National Trust Bank raised its holdings in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after purchasing an additional 71 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock worth $270,000 after buying an additional 81 shares during the period. Ironwood Investment Management LLC grew its stake in The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock valued at $1,501,000 after purchasing an additional 85 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in 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 worth $42,000 after buying an additional 90 shares during the period. Finally, Truist Financial Corp increased its stake in shares of The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 86.61% of the company's stock.

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The Hanover Insurance Group Trading Up 0.3 %

Shares of The Hanover Insurance Group stock traded up $0.42 during mid-day trading on Tuesday, hitting $159.83. The stock had a trading volume of 280,289 shares, compared to its average volume of 200,706. The firm has a 50-day moving average of $164.83 and a two-hundred day moving average of $158.43. The firm has a market cap of $5.74 billion, a P/E ratio of 13.67 and a beta of 0.47. 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, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its 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 return on equity of 18.01% and a net margin of 6.83%. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.25%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upped their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Piper Sandler raised their price target 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, April 1st. BMO Capital Markets upped their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of "Hold" and an average price target of $178.00.

Insider Activity

In other The Hanover Insurance Group 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 sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.40% of the company's stock.

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.