Kolinsky Wealth Management LLC Buys New Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Kolinsky Wealth Management LLC purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,761 shares of the insurance provider's stock, valued at approximately $272,000.

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC lifted its position in The Hanover Insurance Group by 61.5% during the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after purchasing an additional 10,341 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at about $5,276,000. Park Avenue Securities LLC lifted its holdings in shares of The Hanover Insurance Group by 21.1% in the 4th 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 last quarter. Exchange Traded Concepts LLC grew its position 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 worth $801,000 after acquiring an additional 170 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew 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 acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Trading Down 0.5%

THG opened at $169.04 on Wednesday. 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 fifty day moving average is $165.49 and its two-hundred day moving average is $161.21. The company has a market capitalization of $6.07 billion, a P/E ratio of 14.46 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.08 EPS. Analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Analysts Set New Price Targets

THG has been the subject of several analyst reports. StockNews.com raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler lifted their price target on shares of 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. Morgan Stanley upped their target price on The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods raised their price target on 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. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Activity

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the transaction, the executive vice president now directly owns 25,864 shares in the company, valued at $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 available through this link. Also, CEO John C. Roche sold 301 shares of the company's 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,027 shares of company stock worth $1,841,309. 2.50% of the stock is currently owned by corporate insiders.

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.

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