Wealth Enhancement Advisory Services LLC Has $1.29 Million Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Wealth Enhancement Advisory Services LLC increased its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,351 shares of the insurance provider's stock after purchasing an additional 1,996 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in The Hanover Insurance Group were worth $1,292,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after buying an additional 90 shares in the last quarter. True Wealth Design LLC increased its stake in shares of The Hanover Insurance Group by 81.7% in the fourth quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock valued at $47,000 after buying an additional 138 shares in the last quarter. Jones Financial Companies Lllp increased its position in The Hanover Insurance Group by 4,675.0% in the fourth quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock worth $59,000 after purchasing an additional 374 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Transactions at The Hanover Insurance Group

In related news, 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 value of $1,753,631.60. Following the completion of the sale, the executive vice president now owns 25,864 shares in the company, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Roche sold 200 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the transaction, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. This trade represents a 0.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,027 shares of company stock valued at $1,841,309. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

THG has been the topic of several research reports. 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 upped their target price 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. Morgan Stanley upped their price objective on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JMP Securities increased their target price on 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. Finally, Keefe, Bruyette & Woods increased their price target 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.50.

The Hanover Insurance Group Trading Down 0.7%

Shares of THG stock traded down $1.16 during trading on Wednesday, hitting $169.88. 178,249 shares of the stock traded hands, compared to its average volume of 212,350. The firm has a market capitalization of $6.10 billion, a P/E ratio of 14.53 and a beta of 0.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $178.68. The firm's fifty day moving average price is $165.73 and its 200-day moving average price is $162.53.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $3.08 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts forecast 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 disclosed 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The Hanover Insurance Group's dividend payout ratio is currently 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.