Boothbay Fund Management LLC Takes $355,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Boothbay Fund Management LLC acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,294 shares of the insurance provider's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group during the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 90 shares during the period. Eagle Bay Advisors LLC boosted its position in shares of The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock worth $52,000 after purchasing an additional 235 shares during the period. 86.61% of the stock is owned by institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 1st. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Piper Sandler lifted their price target on shares of 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. Finally, Morgan Stanley upped their price objective 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target of $179.25.

The Hanover Insurance Group Stock Down 0.5 %

Shares of THG traded down $0.79 during midday trading on Tuesday, hitting $167.57. The stock had a trading volume of 65,311 shares, compared to its average volume of 254,558. 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 firm has a market cap of $6.02 billion, a price-to-earnings ratio of 14.33 and a beta of 0.44. The company has a 50 day simple moving average of $165.59 and a two-hundred day simple moving average of $159.96. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $3.08 EPS. The business's revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 29.98%.

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.