Massachusetts Financial Services Co. MA Has $230.35 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Massachusetts Financial Services Co. MA grew its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,489,391 shares of the insurance provider's stock after purchasing an additional 4,799 shares during the period. Massachusetts Financial Services Co. MA owned approximately 4.13% of The Hanover Insurance Group worth $230,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in The Hanover Insurance Group in the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 91.9% in the fourth 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 during the last quarter. Venturi Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 49.5% in 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. Eagle Bay Advisors LLC boosted its holdings 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 purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 235 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the company'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 transaction of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $4.01 during mid-day trading on Wednesday, hitting $156.70. 412,361 shares of the company's stock traded hands, compared to its average volume of 198,231. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 13.40 and a beta of 0.47. The firm has a 50 day simple moving average of $164.83 and a two-hundred day simple moving average of $158.14. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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%. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.30%. The Hanover Insurance Group's payout ratio is 30.80%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Morgan Stanley boosted their price target 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. Keefe, Bruyette & Woods cut their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday. Finally, BMO Capital Markets boosted 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 report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of "Hold" and an average target price of $178.00.

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.