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

Martingale Asset Management L P increased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 818.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after buying an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of The Hanover Insurance Group in the fourth quarter valued at $201,000. HighTower Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 82.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock worth $1,702,000 after buying an additional 5,194 shares in the last quarter. Congress Asset Management Co. boosted its position in The Hanover Insurance Group by 42.5% in the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock valued at $7,128,000 after buying an additional 13,750 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at $1,046,000. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $156.08 on Friday. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $164.89 and a 200 day simple moving average of $158.19. The company has a market capitalization of $5.61 billion, a PE ratio of 13.35 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.31%. The Hanover Insurance Group’s payout ratio is 30.80%.

Insider Buying and Selling

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lowered their target price 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. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley lifted 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Hold” and an average target price of $178.00.

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.