Boston Trust Walden Corp Trims Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Trust Walden Corp decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

Several other hedge funds have also made changes to their positions in THG. EverSource Wealth Advisors LLC lifted its holdings in The Hanover Insurance Group by 91.9% in the fourth 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 last quarter. Venturi Wealth Management LLC raised its position in The Hanover Insurance Group by 49.5% in the fourth 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. True Wealth Design LLC lifted its stake in shares of 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 purchasing an additional 138 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of The Hanover Insurance Group by 331.4% during the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after purchasing an additional 232 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group during the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Down 0.3%

Shares of NYSE THG opened at $166.83 on Thursday. The stock has a market cap of $5.99 billion, a P/E ratio of 13.89 and a beta of 0.45. The business's fifty day simple moving average is $167.24 and its 200-day simple moving average is $162.72. The Hanover Insurance Group, Inc. has a 12-month low of $120.10 and a 12-month high of $178.68. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share 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 the consensus estimate 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 revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.08 EPS. As a group, equities analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.90 dividend. The ex-dividend date is Friday, June 13th. This represents a $3.60 annualized dividend and a yield of 2.16%. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Insider Buying and Selling

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the firm's 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 sale, the executive vice president now owns 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Roche sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. The trade was a 0.16% 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 90 days. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of recent analyst reports. JMP Securities upped their target price 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 boosted their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Piper Sandler lifted their target price 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. Finally, Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.