Leeward Investments LLC MA Sells 10,629 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Leeward Investments LLC MA cut its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,683 shares of the insurance provider’s stock after selling 10,629 shares during the period. The Hanover Insurance Group makes up 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 24th biggest holding. Leeward Investments LLC MA’s holdings in The Hanover Insurance Group were worth $22,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in shares of The Hanover Insurance Group by 10.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock worth $219,883,000 after acquiring an additional 143,339 shares in the last quarter. State Street Corp increased its position in shares of The Hanover Insurance Group by 0.3% during the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after acquiring an additional 3,780 shares in the last quarter. Geode Capital Management LLC increased its position in shares of The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock worth $97,816,000 after acquiring an additional 16,800 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after acquiring an additional 548,720 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of The Hanover Insurance Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock worth $54,733,000 after acquiring an additional 17,856 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target on the stock. in a report on Thursday, November 21st. BMO Capital Markets boosted their price target 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. Finally, Oppenheimer boosted their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Stock Down 1.1 %

THG opened at $156.84 on Friday. 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 stock has a market cap of $5.65 billion, a price-to-earnings ratio of 13.42 and a beta of 0.72. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $166.98. The company’s 50-day moving average price is $156.01 and its two-hundred day moving average price is $151.99.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.30%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group’s payout ratio is presently 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.