Pullen Investment Management LLC Buys 3,800 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Pullen Investment Management LLC boosted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,972 shares of the insurance provider's stock after acquiring an additional 3,800 shares during the quarter. The Hanover Insurance Group makes up approximately 1.2% of Pullen Investment Management LLC's holdings, making the stock its 23rd biggest holding. Pullen Investment Management LLC's holdings in The Hanover Insurance Group were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of The Hanover Insurance Group by 0.7% during 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in The Hanover Insurance Group by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock worth $230,349,000 after buying an additional 4,799 shares in the last quarter. Franklin Resources Inc. boosted its position in The Hanover Insurance Group by 28.6% in the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after buying an additional 270,491 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of The Hanover Insurance Group by 4.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock valued at $168,237,000 after buying an additional 43,918 shares during the period. Finally, American Century Companies Inc. raised its position in shares of The Hanover Insurance Group by 15.7% during the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 1.1%

THG stock traded up $1.99 during mid-day trading on Friday, hitting $176.16. 92,460 shares of the company were exchanged, compared to its average volume of 210,626. 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 1-year low of $119.66 and a 1-year high of $176.19. The firm's 50 day simple moving average is $165.38 and its 200 day simple moving average is $161.87. The firm has a market cap of $6.33 billion, a P/E ratio of 15.07 and a beta of 0.44.

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 EPS for the quarter, beating the consensus estimate 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 net margin of 6.83% and a return on equity of 18.01%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.08 EPS. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John C. Roche sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the transaction, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at $21,749,892.78. This represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,027 shares of company stock valued at $1,841,309 over the last three months. Company insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on THG shares. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. JMP Securities raised their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Piper Sandler lifted 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 report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised their price target 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

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.