Martingale Asset Management L P Has $2.56 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Martingale Asset Management L P grew its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 818.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,554 shares of the insurance provider's stock after buying an additional 14,752 shares during the quarter. Martingale Asset Management L P's holdings in The Hanover Insurance Group were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of THG. Norges Bank acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at $67,928,000. Franklin Resources Inc. raised its stake in The Hanover Insurance Group by 28.6% during the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after buying an additional 270,491 shares during the period. Wealthfront Advisers LLC bought a new stake in The Hanover Insurance Group during the fourth quarter worth about $21,797,000. American Century Companies Inc. raised its stake 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 acquiring an additional 130,054 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $8,612,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

THG has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. 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 research note on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their price objective 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 note on Wednesday, April 9th. Finally, Morgan Stanley increased their price target on 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $178.00.

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the company's stock in a transaction dated Monday, March 31st. The stock was 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 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Up 1.4 %

THG stock traded up $2.16 during trading on Wednesday, hitting $161.96. 98,872 shares of the company's stock were exchanged, compared to its average volume of 200,352. 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 stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 13.85 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The business has a 50-day moving average price of $164.83 and a two-hundred day moving average price of $158.43.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.22%. The Hanover Insurance Group's payout ratio is 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.