The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 818.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,554 shares of the insurance provider's stock after purchasing an additional 14,752 shares during the period. Martingale Asset Management L P's holdings in The Hanover Insurance Group were worth $2,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of THG. CIBC Private Wealth Group LLC raised its position in The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after purchasing an additional 65 shares during the period. AMG National Trust Bank increased 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 valued at $1,658,000 after acquiring an additional 71 shares in the last quarter. Captrust Financial Advisors lifted its position 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 valued at $270,000 after acquiring an additional 81 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after acquiring an additional 85 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings 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 valued at $42,000 after acquiring an additional 90 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on THG shares. BMO Capital Markets lifted their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Piper Sandler upped 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 upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $178.00.

The Hanover Insurance Group Trading Up 0.3 %

Shares of The Hanover Insurance Group stock traded up $0.42 on Tuesday, hitting $159.83. 195,156 shares of the company traded hands, compared to its average volume of 200,654. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The company has a market cap of $5.74 billion, a PE ratio of 13.67 and a beta of 0.47. The stock's 50 day moving average price is $164.95 and its 200-day moving average price is $158.42. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now owns 124,278 shares in the company, valued at $21,749,892.78. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% 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.