Maridea Wealth Management LLC Makes New $452,000 Investment in The Hanover Insurance Group, Inc. (NYSE:THG)

Maridea Wealth Management LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,921 shares of the insurance provider's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 purchasing 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 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. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Down 0.4 %

NYSE:THG traded down $0.63 during trading hours on Thursday, hitting $174.51. The company's stock had a trading volume of 33,564 shares, compared to its average volume of 192,594. The stock has a market capitalization of $6.27 billion, a P/E ratio of 14.93 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $164.56 and a 200-day moving average of $157.78. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16.

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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 EPS for the quarter, beating 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%. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

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

Insider Activity

In related news, CEO John C. Roche sold 301 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on THG shares. Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased 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 report on Monday, February 10th. Finally, BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Five 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, the company has an average rating of "Hold" and an average price target of $179.00.

The Hanover Insurance Group Company 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.