The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,114 shares of the insurance provider’s stock after buying an additional 434 shares during the period. Cetera Investment Advisers’ holdings in The Hanover Insurance Group were worth $636,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in The Hanover Insurance Group by 61.5% during the 3rd 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. Congress Asset Management Co. lifted its position in shares of The Hanover Insurance Group by 42.5% in the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider’s stock worth $7,128,000 after purchasing an additional 13,750 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 48.8% during the fourth quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider’s stock worth $11,832,000 after purchasing an additional 25,089 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of The Hanover Insurance Group by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider’s stock worth $53,996,000 after purchasing an additional 24,290 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in The Hanover Insurance Group during the fourth quarter valued at approximately $4,903,000. 86.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on THG. Wall Street Zen raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. JMP Securities increased their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a “market perform” rating in a report on Wednesday, May 7th. Finally, Piper Sandler boosted 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, The Hanover Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $179.50.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the transaction, the executive vice president now directly owns 25,864 shares of the company’s stock, valued at $4,308,942.40. The trade was a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Roche sold 301 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction 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 $21,772,450. The trade was a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,027 shares of company stock worth $1,841,309. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $168.50 on Monday. The stock has a 50 day simple moving average of $165.33 and a 200 day simple moving average of $161.58. The stock has a market cap of $6.05 billion, a P/E ratio of 14.41 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.08 EPS. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

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.