Sherbrooke Park Advisers LLC Buys New Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Sherbrooke Park Advisers LLC purchased a new position in shares of 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 firm purchased 2,906 shares of the insurance provider's stock, valued at approximately $449,000.

A number of other institutional investors also recently bought and sold shares of THG. Barclays PLC grew its stake in shares of The Hanover Insurance Group by 61.5% during the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock valued at $4,022,000 after acquiring an additional 10,341 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $201,000. Congress Asset Management Co. increased its stake in The Hanover Insurance Group by 42.5% in the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock worth $7,128,000 after buying an additional 13,750 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in The Hanover Insurance Group by 48.8% during the fourth quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock valued at $11,832,000 after acquiring an additional 25,089 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of The Hanover Insurance Group by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock worth $53,996,000 after acquiring an additional 24,290 shares during the period. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Up 0.7%

NYSE:THG traded up $1.23 during midday trading on Friday, hitting $168.22. The stock had a trading volume of 38,369 shares, compared to its average volume of 207,953. 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 has a 50-day moving average of $165.34 and a 200 day moving average of $161.38. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 14.39 and a beta of 0.44. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16.

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, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $3.08 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is currently 29.98%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley lifted 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. Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. 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. Keefe, Bruyette & Woods lifted their price objective 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, Piper Sandler boosted 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 report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $179.50.

Insider Buying and Selling

In other news, CEO John C. Roche sold 200 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of the business'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 sale, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,027 shares of company stock worth $1,841,309 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

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.