Precision Wealth Strategies LLC Invests $702,000 in The Hanover Insurance Group, Inc. (NYSE:THG)

Precision Wealth Strategies LLC purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,036 shares of the insurance provider's stock, valued at approximately $702,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of The Hanover Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock valued at $558,934,000 after purchasing an additional 23,565 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of The Hanover Insurance Group by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock valued at $230,349,000 after acquiring an additional 4,799 shares during the period. Franklin Resources Inc. grew its position in shares of The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after acquiring an additional 270,491 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of The Hanover Insurance Group by 4.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock valued at $168,237,000 after acquiring an additional 43,918 shares during the period. Finally, American Century Companies Inc. raised its position in The Hanover Insurance Group by 15.7% in the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock valued at $148,297,000 after purchasing an additional 130,054 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Transactions at The Hanover Insurance Group

In other news, 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 transaction 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. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 disclosure for this sale can be found here. Insiders sold 11,027 shares of company stock valued at $1,841,309 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have 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 report on Wednesday, April 30th. 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 report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted 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. Morgan Stanley upped 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 note on Monday, May 19th. Finally, JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $179.50.

The Hanover Insurance Group Price Performance

THG stock traded down $0.50 during trading on Thursday, reaching $166.83. 297,383 shares of the company were exchanged, compared to its average volume of 213,333. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The stock's 50 day moving average price is $167.24 and its 200 day moving average price is $162.72. The Hanover Insurance Group, Inc. has a 52-week low of $120.10 and a 52-week high of $178.68. The company has a market cap of $5.99 billion, a P/E ratio of 13.89 and a beta of 0.45.

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 EPS for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $3.08 EPS. The company's quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

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.