The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,127 shares of the insurance provider's stock after selling 9,953 shares during the quarter. Brown Advisory Inc. owned 0.78% of The Hanover Insurance Group worth $43,479,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in The Hanover Insurance Group in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC grew its stake in The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of The Hanover Insurance Group by 49.5% during 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 last quarter. Eagle Bay Advisors LLC grew its position in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after buying an additional 235 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

Shares of THG stock traded up $0.35 on Friday, hitting $166.59. The company had a trading volume of 180,882 shares, compared to its average volume of 207,247. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The firm has a market cap of $5.98 billion, a P/E ratio of 14.25 and a beta of 0.44. The company has a 50-day moving average price of $165.34 and a 200-day moving average price of $160.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the prior year, the business earned $3.08 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

Analyst Ratings Changes

Several research firms recently weighed in on THG. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. JMP Securities raised their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday. Finally, Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group has an average rating of "Moderate Buy" and an average target price of $179.50.

Insider Activity

In other news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the completion of the sale, the executive vice president now directly owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Roche sold 200 shares of the firm's stock in a transaction dated 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 $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,027 shares of company stock valued at $1,841,309. 2.50% of the stock is currently owned by insiders.

The Hanover Insurance Group 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.