Envestnet Asset Management Inc. Buys 3,151 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Envestnet Asset Management Inc. lifted its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,971 shares of the insurance provider's stock after acquiring an additional 3,151 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of The Hanover Insurance Group worth $16,235,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group in the third quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC raised its holdings 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 lifted its stake in 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 valued at $44,000 after purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 worth $52,000 after purchasing an additional 235 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

The Hanover Insurance Group Price Performance

NYSE:THG traded up $0.25 during mid-day trading on Friday, reaching $161.63. The stock had a trading volume of 315,366 shares, compared to its average volume of 202,662. The stock has a 50-day simple moving average of $164.75 and a two-hundred day simple moving average of $158.79. 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 Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The stock has a market capitalization of $5.81 billion, a PE ratio of 13.83 and a beta of 0.47.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 2.23%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

Analysts Set New Price Targets

Several brokerages have recently commented on THG. Morgan Stanley lifted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler increased their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $178.00.

The Hanover Insurance Group Company 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.