Cerity Partners LLC Has $1.87 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Cerity Partners LLC raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,736 shares of the insurance provider's stock after acquiring an additional 2,687 shares during the period. Cerity Partners LLC's holdings in The Hanover Insurance Group were worth $1,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Johnson Investment Counsel Inc. bought a new position in shares of The Hanover Insurance Group in the 1st quarter valued at $209,000. Principal Financial Group Inc. increased its stake in shares of The Hanover Insurance Group by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider's stock valued at $14,418,000 after purchasing an additional 252 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of The Hanover Insurance Group by 31.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,351 shares of the insurance provider's stock valued at $1,292,000 after purchasing an additional 1,996 shares during the last quarter. Wealthquest Corp bought a new position in shares of The Hanover Insurance Group in the 1st quarter valued at $869,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of The Hanover Insurance Group in the 1st quarter valued at $3,206,000. Institutional investors own 86.61% of the company's stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 25,864 shares of the company's stock, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of THG opened at $165.41 on Monday. The stock has a market cap of $5.94 billion, a PE ratio of 13.77 and a beta of 0.44. The business has a 50-day simple moving average of $168.31 and a two-hundred day simple moving average of $164.26. 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 12-month low of $130.44 and a 12-month high of $178.68.

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, beating the consensus estimate of $3.58 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.18%. The Hanover Insurance Group's payout ratio is 29.98%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on THG shares. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities boosted their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Piper Sandler upped their target price 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. Morgan Stanley upped their target price on 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. Finally, Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price for the company in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $181.38.

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.

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