T. Rowe Price Investment Management Inc. Buys 43,918 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

T. Rowe Price Investment Management Inc. boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,087,786 shares of the insurance provider's stock after purchasing an additional 43,918 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.02% of The Hanover Insurance Group worth $168,237,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC lifted its stake in The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock valued at $1,092,000 after buying an additional 65 shares during the last quarter. AMG National Trust Bank lifted its holdings in The Hanover Insurance Group by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock valued at $1,658,000 after acquiring an additional 71 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in The Hanover Insurance Group by 0.9% during the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after buying an additional 85 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings 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 valued at $42,000 after purchasing an additional 90 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on THG. Keefe, Bruyette & Woods dropped their price target on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. 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. Morgan Stanley boosted 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 research report on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of "Hold" and an average target price of $178.00.

The Hanover Insurance Group Stock Down 1.3 %

Shares of THG stock traded down $2.17 on Friday, hitting $161.72. The company's stock had a trading volume of 221,173 shares, compared to its average volume of 203,393. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.47. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16. The firm's fifty day moving average price is $164.75 and its 200-day moving average price is $159.23. 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 posted its 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%. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company's stock.

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.