2,192 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Purchased by MQS Management LLC

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

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its holdings in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock valued at $1,092,000 after purchasing an additional 65 shares during the period. HM Payson & Co. increased its holdings in shares of The Hanover Insurance Group by 6.7% in the first quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock valued at $185,000 after purchasing an additional 67 shares during the period. Treasurer of the State of North Carolina boosted its stake in shares of The Hanover Insurance Group by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 15,694 shares of the insurance provider's stock valued at $2,427,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of The Hanover Insurance Group by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,632 shares of the insurance provider's stock valued at $1,502,000 after buying an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of The Hanover Insurance Group by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the insurance provider's stock valued at $1,757,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

THG traded up $1.20 during trading on Thursday, reaching $164.96. 261,307 shares of the stock were exchanged, compared to its average volume of 218,209. The business's 50 day moving average price is $168.33 and its two-hundred day moving average price is $164.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 13.73 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1 year low of $130.44 and a 1 year high of $178.68.

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, 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.18%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Insider Activity

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction 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 directly owned 25,864 shares in the company, valued at $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on THG. JMP Securities lifted 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. Morgan Stanley lifted 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. Wall Street Zen upgraded 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 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. Finally, Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.38.

The Hanover Insurance Group Company 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.