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

Delphi Management Inc. MA purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,297 shares of the insurance provider's stock, valued at approximately $1,443,000. The Hanover Insurance Group accounts for approximately 1.5% of Delphi Management Inc. MA's investment portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC grew its holdings in The Hanover Insurance Group by 0.9% during the fourth 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. AMG National Trust Bank lifted its holdings in shares of The Hanover Insurance Group by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock worth $1,658,000 after buying an additional 71 shares during the last quarter. Ironwood Investment Management LLC lifted its position in The Hanover Insurance Group by 0.9% in the fourth 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 period. Venturi Wealth Management LLC grew 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 acquiring an additional 90 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of The Hanover Insurance Group by 4.7% during the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on THG. Piper Sandler raised their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their price target on 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. JMP Securities lifted their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley increased 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.50.

Insider Activity

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,027 shares of company stock valued at $1,841,309. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Up 1.1%

Shares of THG traded up $1.92 during trading hours on Monday, hitting $177.90. The stock had a trading volume of 213,019 shares, compared to its average volume of 211,242. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $6.39 billion, a P/E ratio of 15.22 and a beta of 0.44. The company's fifty day simple moving average is $165.45 and its 200 day simple moving average is $161.94. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $177.98.

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

The Hanover Insurance Group Dividend Announcement

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. This represents a $3.60 annualized dividend and a yield of 2.02%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

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.