Wellington Management Group LLP Raises Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Wellington Management Group LLP raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 61.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,013 shares of the insurance provider's stock after acquiring an additional 34,239 shares during the period. Wellington Management Group LLP owned approximately 0.25% of The Hanover Insurance Group worth $13,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in The Hanover Insurance Group in the 4th quarter valued at $67,928,000. Wealthfront Advisers LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $21,797,000. American Century Companies Inc. increased its stake in The Hanover Insurance Group by 15.7% in the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after buying an additional 130,054 shares during the period. Raymond James Financial Inc. purchased a new stake in The Hanover Insurance Group in the 4th quarter valued at about $8,612,000. Finally, Assenagon Asset Management S.A. bought a new position in The Hanover Insurance Group in the 4th quarter worth about $5,276,000. Hedge funds and other institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on THG shares. Keefe, Bruyette & Woods cut 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 note on Wednesday, April 9th. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their price target on shares of 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. BMO Capital Markets boosted their price objective 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. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of "Hold" and a consensus price target of $178.00.

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Insiders Place Their Bets

In related news, CEO John C. Roche sold 301 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Trading Up 1.9 %

Shares of THG traded up $2.98 during midday trading on Monday, hitting $159.08. 14,436 shares of the stock were exchanged, compared to its average volume of 247,932. The stock has a fifty day simple moving average of $164.96 and a 200 day simple moving average of $158.33. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-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 cap of $5.72 billion, a P/E ratio of 13.66 and a beta of 0.47.

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, beating 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%. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS 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. Investors of record on Friday, March 14th were paid 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 yield of 2.26%. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

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.