JPMorgan Chase & Co. Acquires 3,573 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

JPMorgan Chase & Co. raised its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,738 shares of the insurance provider's stock after purchasing an additional 3,573 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of The Hanover Insurance Group worth $11,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in The Hanover Insurance Group during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in shares of The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after purchasing an additional 90 shares during the period. Eagle Bay Advisors LLC grew its position in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after buying an additional 235 shares during the period. Institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on THG. Keefe, Bruyette & Woods lowered their price objective on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler upped their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley raised their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 200 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Up 0.2 %

Shares of THG traded up $0.25 during midday trading on Friday, hitting $161.63. The stock had a trading volume of 315,366 shares, compared to its average volume of 202,768. The business has a 50-day simple moving average of $164.74 and a two-hundred day simple moving average of $158.54. The firm has a market cap of $5.81 billion, a P/E ratio of 13.83 and a beta of 0.47. 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, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The Hanover Insurance Group's payout ratio is presently 30.80%.

About The Hanover Insurance Group

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.