The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,019 shares of the insurance provider’s stock after acquiring an additional 246 shares during the quarter. Commonwealth Equity Services LLC’s holdings in The Hanover Insurance Group were worth $1,353,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in The Hanover Insurance Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,690,436 shares of the insurance provider’s stock valued at $472,893,000 after acquiring an additional 10,204 shares in the last quarter. BlackRock Inc. grew its position in The Hanover Insurance Group by 1.6% in the 1st quarter. BlackRock Inc. now owns 3,235,297 shares of the insurance provider’s stock valued at $483,743,000 after acquiring an additional 50,073 shares in the last quarter. State Street Corp grew its position in The Hanover Insurance Group by 0.6% in the 3rd quarter. State Street Corp now owns 1,105,729 shares of the insurance provider’s stock valued at $141,688,000 after acquiring an additional 6,529 shares in the last quarter. Alliancebernstein L.P. grew its position in The Hanover Insurance Group by 9.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,029,102 shares of the insurance provider’s stock valued at $131,869,000 after acquiring an additional 91,418 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of The Hanover Insurance Group by 15.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 945,898 shares of the insurance provider’s stock valued at $127,819,000 after buying an additional 126,287 shares during the period. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on THG shares. JMP Securities reiterated a “market outperform” rating and issued a $170.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, February 3rd. Piper Sandler lifted their price objective on The Hanover Insurance Group from $153.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods decreased their price objective on The Hanover Insurance Group from $148.00 to $141.00 and set a “market perform” rating for the company in a research note on Tuesday, April 18th. StockNews.com initiated coverage on The Hanover Insurance Group in a research note on Thursday. They set a “hold” rating for the company. Finally, Bank of America cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $142.00 to $130.00 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, The Hanover Insurance Group presently has an average rating of “Hold” and an average target price of $150.71.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $119.10 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.33. The Hanover Insurance Group, Inc. has a twelve month low of $115.26 and a twelve month high of $149.64. The stock has a 50 day moving average of $123.70 and a two-hundred day moving average of $133.57. The stock has a market cap of $4.26 billion, a P/E ratio of -3,968.68, a P/E/G ratio of 0.45 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The insurance provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The Hanover Insurance Group had a positive return on equity of 3.62% and a negative net margin of 0.01%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $3.26 earnings per share. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 6.97 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently -10,796.40%.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 862 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $138.51, for a total value of $119,395.62. Following the completion of the sale, the senior vice president now owns 4,075 shares in the company, valued at $564,428.25. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by company insiders.

The Hanover Insurance Group Company Profile

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Core Commercial, Specialty, Personal Lines and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers compensation and other core commercial coverage, such as general liability, commercial umbrella and monoline property.