Leeward Investments LLC MA Sells 10,629 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Leeward Investments LLC MA cut its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,683 shares of the insurance provider’s stock after selling 10,629 shares during the quarter. The Hanover Insurance Group accounts for 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 24th largest position. Leeward Investments LLC MA owned 0.40% of The Hanover Insurance Group worth $22,067,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of The Hanover Insurance Group during the third quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group in the third quarter valued at approximately $30,000. Venturi Wealth Management LLC increased 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 valued at $42,000 after acquiring an additional 90 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 235 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on THG shares. JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of 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. Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $175.25.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $156.84 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $166.98. 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 firm has a market capitalization of $5.65 billion, a P/E ratio of 13.42 and a beta of 0.72. The company’s 50 day moving average price is $156.01 and its two-hundred day moving average price is $151.99.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping 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%. On average, 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.90 dividend. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.30%. The Hanover Insurance Group’s payout ratio is presently 30.80%.

The Hanover Insurance Group Company 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.