The Hanover Insurance Group, Inc. (NYSE:THG) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 61.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,013 shares of the insurance provider's stock after acquiring an additional 34,239 shares during the period. Wellington Management Group LLP owned 0.25% of The Hanover Insurance Group worth $13,921,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In related news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction 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 transaction, the executive vice president now owns 25,864 shares in the company, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Roche sold 301 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,027 shares of company stock worth $1,841,309 in the last ninety days. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

THG traded down $1.11 during trading on Tuesday, reaching $176.93. 304,236 shares of the stock were exchanged, compared to its average volume of 211,616. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 15.14 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $178.71. The business's 50 day moving average price is $165.53 and its two-hundred day moving average price is $162.04.

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 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.08 EPS. As a group, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.03%. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler raised their price target 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. JMP Securities lifted their price target on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock 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 report on Wednesday, April 30th. Morgan Stanley increased their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and an average 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.