LPL Financial LLC Increases Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

LPL Financial LLC boosted its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,915 shares of the insurance provider's stock after buying an additional 3,847 shares during the quarter. LPL Financial LLC's holdings in The Hanover Insurance Group were worth $1,843,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted 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 valued at $42,000 after purchasing an additional 90 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock worth $52,000 after buying an additional 235 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Up 0.2 %

NYSE:THG traded up $0.25 on Friday, reaching $161.63. The company's stock had a trading volume of 315,366 shares, compared to its average volume of 202,768. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 13.83 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 stock has a 50 day moving average price of $164.74 and a 200 day moving average price of $158.54.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. On average, equities 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on THG. Piper Sandler boosted 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 report on Tuesday, April 1st. Keefe, Bruyette & Woods dropped their price target on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lifted 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. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group has a consensus rating of "Hold" and an average target price of $178.00.

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.