Leeward Investments LLC MA Has $23.71 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Leeward Investments LLC MA reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 136,305 shares of the insurance provider's stock after selling 6,378 shares during the quarter. The Hanover Insurance Group comprises about 1.3% of Leeward Investments LLC MA's portfolio, making the stock its 14th biggest position. Leeward Investments LLC MA owned approximately 0.38% of The Hanover Insurance Group worth $23,710,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in shares of The Hanover Insurance Group by 4.7% during the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock valued at $313,000 after acquiring an additional 90 shares in the last quarter. Jones Financial Companies Lllp increased its stake in The Hanover Insurance Group by 4,675.0% during the 4th quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 374 shares in the last quarter. Atria Investments Inc raised its holdings in The Hanover Insurance Group by 14.4% during the fourth quarter. Atria Investments Inc now owns 3,129 shares of the insurance provider's stock worth $484,000 after buying an additional 395 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in The Hanover Insurance Group during the fourth quarter worth $4,903,000. Finally, Arizona State Retirement System lifted its stake in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. Arizona State Retirement System now owns 10,443 shares of the insurance provider's stock valued at $1,615,000 after buying an additional 93 shares in the last quarter. 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 $163.98 on Friday. The company has a market capitalization of $5.89 billion, a PE ratio of 13.65 and a beta of 0.44. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $168.76 and its 200-day moving average price is $163.34. The Hanover Insurance Group, Inc. has a twelve month low of $123.17 and a twelve month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.20%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

Analyst Upgrades and Downgrades

THG has been the subject of several recent research reports. Piper Sandler boosted their target price 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. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. JMP Securities raised their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price target on The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $179.50.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value of $1,753,631.60. Following the transaction, the executive vice president directly owned 25,864 shares in the company, valued at $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% of the company's stock.

The Hanover Insurance Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.