Leeward Investments LLC MA Boosts Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Leeward Investments LLC MA increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 13.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 126,866 shares of the insurance provider’s stock after buying an additional 14,686 shares during the quarter. Leeward Investments LLC MA’s holdings in The Hanover Insurance Group were worth $15,404,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of The Hanover Insurance Group by 11,733.1% in the 4th quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider’s stock worth $56,465,000 after purchasing an additional 461,109 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of The Hanover Insurance Group in the third quarter worth $16,231,000. Lazard Asset Management LLC bought a new stake in shares of The Hanover Insurance Group in the third quarter worth $10,944,000. Ameriprise Financial Inc. grew its holdings in shares of The Hanover Insurance Group by 12.2% in the third quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider’s stock worth $90,468,000 after acquiring an additional 88,456 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of The Hanover Insurance Group by 59.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 218,021 shares of the insurance provider’s stock worth $24,196,000 after acquiring an additional 81,081 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock opened at $129.59 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. 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 Hanover Insurance Group, Inc. has a 52 week low of $103.82 and a 52 week high of $138.00. The stock’s 50-day simple moving average is $131.08 and its 200-day simple moving average is $125.80.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. As a group, analysts expect that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.62%. The Hanover Insurance Group’s payout ratio is currently 361.71%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the business’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 transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at $473,677.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on THG shares. TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price 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, Piper Sandler reiterated an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average price target 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.