The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,866 shares of the insurance provider's stock after purchasing an additional 14,686 shares during the period. Leeward Investments LLC MA owned about 0.35% of The Hanover Insurance Group worth $15,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank increased its position in shares of The Hanover Insurance Group by 321.8% during the third quarter. Comerica Bank now owns 51,519 shares of the insurance provider's stock worth $5,718,000 after purchasing an additional 39,306 shares in the last quarter. Hsbc Holdings PLC increased its position in The Hanover Insurance Group by 28.8% in the 3rd quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider's stock valued at $3,290,000 after acquiring an additional 6,579 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in The Hanover Insurance Group by 547.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider's stock valued at $1,498,000 after acquiring an additional 11,416 shares during the period. Markel Group Inc. increased its position in The Hanover Insurance Group by 19.6% in the 3rd quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider's stock valued at $20,975,000 after acquiring an additional 31,000 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at about $455,000. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Transactions at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the sale, the senior vice president now owns 3,612 shares of the company's stock, valued at approximately $473,677.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.40% of the company's stock.

The Hanover Insurance Group Stock Performance

THG traded down $1.76 during trading on Friday, reaching $129.59. The company's stock had a trading volume of 186,701 shares, compared to its average volume of 147,878. The Hanover Insurance Group, Inc. has a 52-week low of $103.82 and a 52-week high of $138.00. The company's fifty day moving average price is $131.08 and its 200-day moving average price is $125.80. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 137.86 and a beta of 0.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.51 by $0.62. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 361.71%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler restated an "overweight" rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. TheStreet upgraded The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. Oppenheimer restated an "outperform" rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.83.

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.