LPL Financial LLC Has $1.84 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

LPL Financial LLC boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,915 shares of the insurance provider's stock after buying an additional 3,847 shares during the period. LPL Financial LLC's holdings in The Hanover Insurance Group were worth $1,843,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in The Hanover Insurance Group during the fourth quarter worth $21,797,000. 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 valued at $148,297,000 after buying an additional 130,054 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at about $8,612,000. Assenagon Asset Management S.A. bought a new position in The Hanover Insurance Group during the fourth quarter valued at about $5,276,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter worth approximately $4,903,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

THG stock traded up $0.25 during midday trading on Friday, reaching $161.63. 315,366 shares of the company's stock traded hands, compared to its average volume of 202,662. The company has a 50-day simple moving average of $164.75 and a two-hundred day simple moving average of $158.79. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, 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 business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

THG has been the subject of several research reports. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their target price 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 report on Wednesday, April 9th. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Piper Sandler lifted 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of "Hold" and an average price target of $178.00.

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.