Tectonic Advisors LLC Buys 2,417 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Tectonic Advisors LLC boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 67.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,975 shares of the insurance provider's stock after buying an additional 2,417 shares during the period. Tectonic Advisors LLC's holdings in The Hanover Insurance Group were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in THG. EverSource Wealth Advisors LLC lifted its position in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after acquiring an additional 102 shares in the last quarter. True Wealth Design LLC lifted its position in The Hanover Insurance Group by 81.7% during the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after acquiring an additional 138 shares in the last quarter. Versant Capital Management Inc lifted its position in The Hanover Insurance Group by 331.4% during the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after acquiring an additional 232 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in The Hanover Insurance Group during the 1st quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp increased its holdings 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 worth $59,000 after purchasing an additional 374 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction 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 sale, the executive vice president directly owned 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Trading Up 0.3%

Shares of NYSE THG traded up $0.55 during midday trading on Friday, hitting $165.41. 179,682 shares of the company traded hands, compared to its average volume of 218,310. The Hanover Insurance Group, Inc. has a 12-month low of $130.44 and a 12-month high of $178.68. 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 has a 50-day moving average price of $168.31 and a 200 day moving average price of $164.11. The firm has a market cap of $5.94 billion, a P/E ratio of 13.77 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.29. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. The Hanover Insurance Group had a net margin of 6.98% and a return on equity of 18.23%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 earnings per share. As a group, analysts expect 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. Investors of record on Friday, June 13th were given a dividend of $0.90 per share. The ex-dividend date was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler lifted their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price objective on the stock in a report on Wednesday, July 9th. Morgan Stanley lifted their price objective on The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. 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 report on Thursday, May 1st. Finally, Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.38.

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.