Price T Rowe Associates Inc. MD Sells 26,228 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Price T Rowe Associates Inc. MD decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,280,831 shares of the insurance provider's stock after selling 26,228 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.55% of The Hanover Insurance Group worth $198,095,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Altrinsic Global Advisors LLC grew its position in The Hanover Insurance Group by 0.5% during the fourth quarter. Altrinsic Global Advisors LLC now owns 211,704 shares of the insurance provider's stock valued at $32,742,000 after buying an additional 1,081 shares during the period. Hsbc Holdings PLC lifted its holdings in The Hanover Insurance Group by 803.4% during the fourth quarter. Hsbc Holdings PLC now owns 13,542 shares of the insurance provider's stock valued at $2,091,000 after purchasing an additional 12,043 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in The Hanover Insurance Group by 96.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,450 shares of the insurance provider's stock valued at $379,000 after purchasing an additional 1,200 shares during the last quarter. MML Investors Services LLC lifted its holdings in The Hanover Insurance Group by 10.7% during the fourth quarter. MML Investors Services LLC now owns 17,471 shares of the insurance provider's stock valued at $2,702,000 after purchasing an additional 1,692 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in The Hanover Insurance Group by 9.2% during the fourth quarter. MetLife Investment Management LLC now owns 20,307 shares of the insurance provider's stock valued at $3,141,000 after purchasing an additional 1,714 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Insider Activity

In related news, CEO John C. Roche sold 301 shares of the 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 completion of the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at $21,772,450. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JMP Securities upped 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 report on Thursday. Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Piper Sandler increased 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 research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Five equities research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $179.25.

The Hanover Insurance Group Price Performance

NYSE:THG traded down $0.25 during midday trading on Thursday, hitting $165.85. The company had a trading volume of 360,048 shares, compared to its average volume of 205,579. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The stock's fifty day moving average price is $165.14 and its 200-day moving average price is $159.50. The company has a market capitalization of $5.96 billion, a PE ratio of 14.19 and a beta of 0.47. 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 (NYSE:THG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $3.08 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

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.