1,503 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by Ethic Inc.

Ethic Inc. acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,503 shares of the insurance provider's stock, valued at approximately $232,000.

A number of other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC boosted its position in The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares during the period. Jones Financial Companies Lllp grew its stake in shares of The Hanover Insurance Group by 4,675.0% in the fourth quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock worth $59,000 after purchasing an additional 374 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth $68,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at $72,000. Institutional investors own 86.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THG. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Piper Sandler raised their price objective on shares of 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. JMP Securities boosted 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. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $179.50.

Insiders Place Their Bets

In related news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,027 shares of company stock worth $1,841,309. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock traded up $1.51 during midday trading on Friday, hitting $168.50. The company's stock had a trading volume of 192,420 shares, compared to its average volume of 208,971. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $165.33 and its 200-day moving average price is $161.51. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The company has a market capitalization of $6.05 billion, a PE ratio of 14.41 and a beta of 0.44.

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 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $3.08 earnings per share. The Hanover Insurance Group's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

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.