Markel Group Inc. Acquires 13,000 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Markel Group Inc. raised its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 280,000 shares of the insurance provider's stock after acquiring an additional 13,000 shares during the period. Markel Group Inc. owned about 0.78% of The Hanover Insurance Group worth $48,706,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of THG. Raymond James Financial Inc. acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth approximately $8,612,000. EverSource Wealth Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares in the last quarter. Swiss National Bank grew its holdings in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Swiss National Bank now owns 70,700 shares of the insurance provider's stock worth $10,934,000 after purchasing an additional 500 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in The Hanover Insurance Group by 9.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,276 shares of the insurance provider's stock valued at $971,000 after buying an additional 517 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at about $72,000. Institutional investors own 86.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a research note on Wednesday, July 9th. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler raised their price objective on 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. Morgan Stanley raised their price objective on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, JMP Securities raised their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $181.38.

The Hanover Insurance Group Stock Up 0.7%

Shares of NYSE THG opened at $164.96 on Friday. The business's fifty day moving average price is $168.33 and its 200-day moving average price is $164.04. The stock has a market capitalization of $5.93 billion, a PE ratio of 13.73 and a beta of 0.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The Hanover Insurance Group, Inc. has a one year low of $130.44 and a one year high of $178.68.

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

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was 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. This represents a 28.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THG - Free Report).

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.