Focus Partners Wealth Purchases Shares of 6,991 The Hanover Insurance Group, Inc. (NYSE:THG)

Focus Partners Wealth bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,991 shares of the insurance provider's stock, valued at approximately $1,081,000.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings 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 buying an additional 90 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in The Hanover Insurance Group by 4,675.0% during the 4th quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock worth $59,000 after buying an additional 374 shares during the last quarter. Millstone Evans Group LLC bought a new position in The Hanover Insurance Group during the 4th quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV bought a new position in The Hanover Insurance Group during the 4th quarter worth approximately $72,000. Institutional investors own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the firm'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 sale, the executive vice president now directly owns 25,864 shares in the company, valued at $4,308,942.40. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Roche sold 301 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,027 shares of company stock worth $1,841,309 in the last three months. 2.50% of the stock is owned by company insiders.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock traded up $1.51 on Friday, reaching $168.50. 192,420 shares of the company were exchanged, compared to its average volume of 208,971. 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 company's 50-day moving average is $165.33 and its two-hundred day moving average is $161.51. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 14.41 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16.

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, beating the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period last year, the firm earned $3.08 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 is currently 29.98%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JMP Securities increased 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 upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler increased 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. Morgan Stanley increased their price target on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Barclays upgraded The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.