13,463 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,463 shares of the insurance provider's stock, valued at approximately $2,342,000.

A number of other large investors have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its stake in The Hanover Insurance Group by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after purchasing an additional 65 shares during the period. AMG National Trust Bank boosted its stake in The Hanover Insurance Group by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after purchasing an additional 71 shares during the period. Ironwood Investment Management LLC boosted its stake in The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock worth $1,501,000 after purchasing an additional 85 shares during the period. Truist Financial Corp boosted its stake in The Hanover Insurance Group by 4.7% during the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the period. Finally, Arizona State Retirement System boosted its stake in The Hanover Insurance Group by 0.9% during the 4th quarter. Arizona State Retirement System now owns 10,443 shares of the insurance provider's stock worth $1,615,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Up 2.0%

Shares of NYSE THG opened at $169.02 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a 52 week low of $121.52 and a 52 week high of $178.68. The firm has a 50-day moving average price of $168.32 and a 200 day moving average price of $162.96. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 14.07 and a beta of 0.45.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.98% and a return on equity of 18.23%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the business earned $3.08 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Analyst Upgrades and Downgrades

THG has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. JMP Securities raised 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 note on Thursday, May 1st. Finally, Piper Sandler raised their target price 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $179.50.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group 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 completion of the transaction, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, May 7th. The stock was 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 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 position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

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.

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