Boston Trust Walden Corp Sells 6,223 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Trust Walden Corp lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 345,374 shares of the insurance provider's stock after selling 6,223 shares during the period. Boston Trust Walden Corp owned 0.96% of The Hanover Insurance Group worth $60,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised 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 valued at $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC raised its stake in 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 acquiring an additional 90 shares during the period. True Wealth Design LLC raised its stake in The Hanover Insurance Group by 81.7% in the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock valued at $47,000 after acquiring an additional 138 shares during the period. Versant Capital Management Inc raised its stake in The Hanover Insurance Group by 331.4% in the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock valued at $53,000 after acquiring an additional 232 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in The Hanover Insurance Group in the 1st quarter valued at $53,000. Institutional investors own 86.61% of the company's stock.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value of $1,753,631.60. Following the completion of the transaction, the executive vice president now owns 25,864 shares in the company, 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. Insiders sold 11,027 shares of company stock worth $1,841,309 over the last three months. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of THG traded up $1.13 during trading hours on Friday, hitting $168.05. 417,650 shares of the company were exchanged, compared to its average volume of 213,179. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 13.99 and a beta of 0.45. The Hanover Insurance Group, Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $178.68. 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 firm's fifty day moving average is $167.69 and its 200 day moving average is $162.77.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The Hanover Insurance Group's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 EPS. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 29.98%.

Analyst Ratings Changes

A number of research analysts have commented on THG shares. Piper Sandler upped their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. JMP Securities upped their price objective 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. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Morgan Stanley upped their price objective 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. Finally, Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $179.50.

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.