2,200 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Bailard Inc.

Bailard Inc. bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,200 shares of the insurance provider's stock, valued at approximately $383,000.

A number of other large investors have also modified their holdings of the business. CIBC Private Wealth Group LLC grew its holdings in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after acquiring an additional 65 shares during the period. HM Payson & Co. grew its holdings in shares of The Hanover Insurance Group by 6.7% in the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock worth $185,000 after acquiring an additional 67 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of The Hanover Insurance Group by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 15,694 shares of the insurance provider's stock worth $2,427,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System grew its holdings in shares of The Hanover Insurance Group by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,632 shares of the insurance provider's stock worth $1,502,000 after acquiring an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of The Hanover Insurance Group by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the insurance provider's stock worth $1,757,000 after acquiring an additional 100 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 0.3%

Shares of THG stock traded up $0.55 during mid-day trading on Friday, hitting $165.41. 179,682 shares of the company's stock were exchanged, compared to its average volume of 217,225. The Hanover Insurance Group, Inc. has a fifty-two week low of $130.44 and a fifty-two week high of $178.68. The stock has a 50-day simple moving average of $168.31 and a two-hundred day simple moving average of $164.18. 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 stock has a market cap of $5.94 billion, a price-to-earnings ratio of 13.77 and a beta of 0.44.

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

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on THG shares. Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a report on Wednesday, July 9th. JMP Securities increased their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley increased their target price on The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.38.

Insider Activity

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the 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 transaction, the executive vice president directly owned 25,864 shares of the company's stock, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

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.