MQS Management LLC Purchases Shares of 2,192 The Hanover Insurance Group, Inc. (NYSE:THG)

MQS Management LLC acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,192 shares of the insurance provider's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake 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 valued at $59,000 after acquiring an additional 374 shares in the last quarter. Atria Investments Inc grew its stake in The Hanover Insurance Group by 14.4% during the 4th quarter. Atria Investments Inc now owns 3,129 shares of the insurance provider's stock valued at $484,000 after acquiring an additional 395 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in The Hanover Insurance Group during the 4th quarter valued at about $4,903,000. Raymond James Financial Inc. purchased a new position in The Hanover Insurance Group during the 4th quarter valued at about $8,612,000. Finally, Amundi grew its stake in The Hanover Insurance Group by 3.3% during the 4th quarter. Amundi now owns 8,192 shares of the insurance provider's stock valued at $1,249,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the company'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 transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president directly owned 25,864 shares in the company, valued at $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

THG has been the topic of several research analyst reports. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price target 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, May 19th. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target for the company in a research note on Wednesday, July 9th. JMP Securities boosted 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. Finally, Piper Sandler boosted their price target on 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $181.38.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $0.07 during trading hours on Wednesday, reaching $163.40. 169,447 shares of the company were exchanged, compared to its average volume of 217,266. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 13.64 and a beta of 0.44. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $168.42 and a 200 day moving average of $163.96. The Hanover Insurance Group, Inc. has a 12 month low of $129.02 and a 12 month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its 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 Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the business earned $3.08 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.20%. 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.