This was also true for this engine's predecessor, the Merlin 1D. However that engine's rocket (the Falcon 9) can't hover, as the power of a single engine throttled to its lowest setting still overcomes the weight of a nearly-empty booster.
All high performance engines tend to only throttle in a range in the upper half of the engine's performance, the difference making hovering possible in this case is that the Super Heavy has _so many_ engines that it can turn off. This is a sort of secondary throttling, or meta-throttling, and the rocket can use the combination of engine throttling and engine-off to hover comfortably (while near-empty) with three engines going.