Markel Group Inc. Acquires 13,000 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Markel Group Inc. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,000 shares of the insurance provider's stock after buying an additional 13,000 shares during the quarter. Markel Group Inc. owned 0.74% of The Hanover Insurance Group worth $41,294,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock valued at $219,883,000 after purchasing an additional 143,339 shares in the last quarter. State Street Corp increased its holdings in shares of The Hanover Insurance Group by 0.3% during the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after buying an additional 3,780 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of The Hanover Insurance Group by 2.6% in the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock valued at $97,816,000 after acquiring an additional 16,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock worth $54,733,000 after acquiring an additional 17,856 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in The Hanover Insurance Group by 7.5% during the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock worth $53,996,000 after acquiring an additional 24,290 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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Wall Street Analyst Weigh In

THG has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. BMO Capital Markets upped their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $175.25.

The Hanover Insurance Group Trading Up 1.7 %

Shares of The Hanover Insurance Group stock traded up $2.70 on Thursday, hitting $166.36. 280,526 shares of the company's stock traded hands, compared to its average volume of 184,003. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $173.30. 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 stock has a market capitalization of $5.98 billion, a PE ratio of 14.23 and a beta of 0.65. The firm's 50-day moving average price is $159.12 and its two-hundred day moving average price is $154.91.

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, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

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.