Delphi Management Inc. MA Invests $1.44 Million in The Hanover Insurance Group, Inc. (NYSE:THG)

Delphi Management Inc. MA bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,297 shares of the insurance provider's stock, valued at approximately $1,443,000. The Hanover Insurance Group comprises 1.5% of Delphi Management Inc. MA's investment portfolio, making the stock its 16th largest position.

Several other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in 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 valued at $1,092,000 after acquiring an additional 65 shares during the period. AMG National Trust Bank lifted its holdings 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 last quarter. Ironwood Investment Management LLC lifted its holdings 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 last quarter. Venturi Wealth Management LLC grew its holdings 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 buying an additional 90 shares in the last quarter. Finally, Truist Financial Corp increased its position 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 buying an additional 90 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

Shares of THG stock traded down $1.91 on Wednesday, hitting $175.02. 42,281 shares of the company's stock were exchanged, compared to its average volume of 211,077. The company has a 50 day moving average of $165.58 and a 200 day moving average of $162.15. The stock has a market cap of $6.29 billion, a P/E ratio of 14.97 and a beta of 0.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 earnings per share. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.06%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

Insider Activity

In other news, CEO John C. Roche sold 200 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 25,864 shares in the company, valued at $4,308,942.40. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,027 shares of company stock worth $1,841,309. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

THG has been the topic of several research reports. JMP Securities upped their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Piper Sandler boosted their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Morgan Stanley raised their price objective on 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 lifted 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. Finally, Wall Street Zen upgraded 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.