Mariner LLC Raises Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Mariner LLC increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,201 shares of the insurance provider’s stock after acquiring an additional 349 shares during the period. Mariner LLC’s holdings in The Hanover Insurance Group were worth $804,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in THG. Barclays PLC grew its position in The Hanover Insurance Group by 61.5% in the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after acquiring an additional 10,341 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group during the third quarter worth $30,000. Tidal Investments LLC boosted its position in shares of The Hanover Insurance Group by 344.5% during the third quarter. Tidal Investments LLC now owns 7,254 shares of the insurance provider’s stock worth $1,074,000 after buying an additional 5,622 shares during the period. GAMMA Investing LLC boosted its position in shares of The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after buying an additional 235 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of The Hanover Insurance Group by 6.2% during the fourth quarter. Nordea Investment Management AB now owns 62,275 shares of the insurance provider’s stock worth $9,633,000 after buying an additional 3,615 shares during the period. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $162.81 on Tuesday. The stock has a 50 day moving average price of $164.82 and a 200 day moving average price of $159.42. 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 company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 13.93 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 Hanover Insurance Group (NYSE:THG) last announced 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%. Research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal 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 issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is currently 30.80%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler raised their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lowered their price target on 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. StockNews.com cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Morgan Stanley increased their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.00.

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.