The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 38.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,870 shares of the insurance provider's stock after selling 2,406 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in The Hanover Insurance Group were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in The Hanover Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock valued at $558,934,000 after purchasing an additional 23,565 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of The Hanover Insurance Group by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock valued at $230,349,000 after buying an additional 4,799 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after buying an additional 270,491 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of The Hanover Insurance Group by 4.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock worth $168,237,000 after buying an additional 43,918 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in The Hanover Insurance Group by 15.7% during the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Up 1.3%

Shares of NYSE THG traded up $2.12 during midday trading on Monday, reaching $169.62. 269,260 shares of the stock were exchanged, compared to its average volume of 214,815. The stock has a market capitalization of $6.09 billion, a P/E ratio of 14.12 and a beta of 0.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The company has a 50 day simple moving average of $168.68 and a 200 day simple moving average of $163.26. The Hanover Insurance Group, Inc. has a twelve month low of $123.17 and a twelve month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data 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 during 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 firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 earnings per share. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 29.98%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

The Hanover Insurance Group Company 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.