Wellington Management Group LLP Purchases 34,239 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Wellington Management Group LLP increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,013 shares of the insurance provider's stock after purchasing an additional 34,239 shares during the period. Wellington Management Group LLP owned approximately 0.25% of The Hanover Insurance Group worth $13,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in THG. CIBC Private Wealth Group LLC boosted its stake in The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after buying an additional 65 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of The Hanover Insurance Group by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after acquiring an additional 71 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock valued at $1,501,000 after purchasing an additional 85 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Finally, Truist Financial Corp raised its position in The Hanover Insurance Group by 4.7% in the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 86.61% of the company's stock.

Insider Activity

In other 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 transaction of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares in the company, valued at $21,749,892.78. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,027 shares of company stock worth $1,841,309. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

THG has been the topic of several recent analyst reports. Piper Sandler raised 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 raised 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 report on Wednesday, May 7th. JMP Securities boosted 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 report on Thursday, May 1st. Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $179.50.

The Hanover Insurance Group Stock Down 0.7%

Shares of THG stock traded down $1.21 during midday trading on Thursday, reaching $172.15. 214,103 shares of the stock were exchanged, compared to its average volume of 212,250. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $178.68. The firm has a market cap of $6.18 billion, a PE ratio of 14.73 and a beta of 0.44. The company's 50 day moving average is $165.56 and its two-hundred day moving average is $162.28. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $3.08 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, June 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.09%. The Hanover Insurance Group's payout ratio is 29.98%.

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.