Maridea Wealth Management LLC Invests $452,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

Maridea Wealth Management LLC purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,921 shares of the insurance provider’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of The Hanover Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock worth $558,934,000 after buying an additional 23,565 shares during the last quarter. State Street Corp boosted its position in The Hanover Insurance Group by 0.3% in the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after purchasing an additional 3,780 shares during the last quarter. American Century Companies Inc. boosted its position in The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock worth $148,297,000 after purchasing an additional 130,054 shares during the last quarter. Geode Capital Management LLC grew its stake in The Hanover Insurance Group by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after purchasing an additional 16,800 shares during the period. Finally, Norges Bank purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at $67,928,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on THG. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets raised 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 research note on Thursday, December 19th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The Hanover Insurance Group has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $172.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.00. The firm has a market capitalization of $6.20 billion, a P/E ratio of 14.76 and a beta of 0.65. The business has a fifty day moving average price of $163.46 and a 200-day moving average price of $157.16.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 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 forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, CEO John C. Roche sold 200 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now owns 124,278 shares of the company’s stock, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

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.