MML Investors Services LLC Buys 1,692 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

MML Investors Services LLC lifted its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,471 shares of the insurance provider's stock after purchasing an additional 1,692 shares during the period. MML Investors Services LLC's holdings in The Hanover Insurance Group were worth $2,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Hanover Insurance Group in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in 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 worth $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC lifted its stake in 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 acquiring an additional 90 shares during the period. Eagle Bay Advisors LLC grew its holdings 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 acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 235 shares during the period. Institutional investors own 86.61% of the company's stock.

Insider Buying and Selling at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The stock was 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 $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $161.72 on Monday. 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 quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.47. The stock's 50-day simple moving average is $164.75 and its 200-day simple moving average is $159.31.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (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%. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share 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 given a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Analyst Ratings Changes

THG has been the topic of several research reports. Morgan Stanley lifted their price objective on shares of 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. Piper Sandler boosted their price target on 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 decreased 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 research note on Wednesday, April 9th. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group presently has an average rating of "Hold" and a consensus 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.

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