Wellington Management Group LLP Has $13.92 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Wellington Management Group LLP grew its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 61.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 90,013 shares of the insurance provider’s stock after buying an additional 34,239 shares during the period. Wellington Management Group LLP’s holdings in The Hanover Insurance Group were worth $13,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in The Hanover Insurance Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock worth $558,934,000 after purchasing an additional 23,565 shares during the period. State Street Corp raised its stake in shares of The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock valued at $183,612,000 after buying an additional 3,780 shares in the last quarter. American Century Companies Inc. raised its stake in shares of 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 valued at $148,297,000 after buying an additional 130,054 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after acquiring an additional 16,800 shares in the last quarter. Finally, Norges Bank bought a new stake in The Hanover Insurance Group in the fourth quarter valued at about $67,928,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insiders Place Their Bets

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $152.51 on Wednesday. The stock’s fifty day moving average is $164.73 and its 200-day moving average is $158.09. 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, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16. The stock has a market capitalization of $5.48 billion, a PE ratio of 13.05 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THG. BMO Capital Markets raised 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. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Morgan Stanley upped their price target on 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. Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Hold” and an average price target of $179.00.

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.