Kolinsky Wealth Management LLC Acquires Shares of 1,761 The Hanover Insurance Group, Inc. (NYSE:THG)

Kolinsky Wealth Management LLC bought a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,761 shares of the insurance provider's stock, valued at approximately $272,000.

Other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after buying an additional 10,341 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of The Hanover Insurance Group during the fourth quarter valued at $5,276,000. Park Avenue Securities LLC lifted its stake in shares of The Hanover Insurance Group by 21.1% during the fourth quarter. Park Avenue Securities LLC now owns 5,528 shares of the insurance provider's stock valued at $855,000 after acquiring an additional 965 shares during the period. Exchange Traded Concepts LLC boosted its holdings in The Hanover Insurance Group by 3.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,182 shares of the insurance provider's stock valued at $801,000 after acquiring an additional 170 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in The Hanover Insurance Group by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,583 shares of the insurance provider's stock worth $1,946,000 after purchasing an additional 215 shares during the period. 86.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on THG shares. Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. JMP Securities increased their price target on 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 lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Trading Up 0.9%

The Hanover Insurance Group stock traded up $1.51 during mid-day trading on Monday, hitting $168.50. 192,420 shares of the company's stock were exchanged, compared to its average volume of 209,261. The company's 50 day simple moving average is $165.33 and its 200-day simple moving average is $161.58. 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 firm has a market capitalization of $6.05 billion, a P/E ratio of 14.41 and a beta of 0.44. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $3.08 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction on 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 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 represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated 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 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. In the last three months, insiders sold 11,027 shares of company stock valued at $1,841,309. 2.50% of the stock is owned by corporate insiders.

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.