Prudential Financial Inc. Has $416,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Prudential Financial Inc. cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,690 shares of the insurance provider's stock after selling 2,662 shares during the quarter. Prudential Financial Inc.'s holdings in The Hanover Insurance Group were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. AMG National Trust Bank lifted its holdings in shares of The Hanover Insurance Group by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after buying an additional 71 shares in the last quarter. Captrust Financial Advisors raised its stake in The Hanover Insurance Group by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock worth $270,000 after purchasing an additional 81 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock valued at $1,501,000 after purchasing an additional 85 shares during the period. Venturi Wealth Management LLC grew its position in shares of The Hanover Insurance Group by 49.5% during the 4th 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, Truist Financial Corp increased its holdings in shares of The Hanover Insurance Group by 4.7% during the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the period. 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 topic of a number of analyst reports. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods dropped their target price on shares of 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. Finally, Piper Sandler increased 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the transaction, the chief executive officer now owns 124,278 shares of the company's stock, valued at $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $1.72 during midday trading on Tuesday, hitting $161.13. 22,490 shares of the company traded hands, compared to its average volume of 199,702. The firm's fifty day moving average price is $164.95 and its 200-day moving average price is $158.42. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 13.78 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.90 dividend. 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 payout ratio is presently 30.80%.

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.