The Hanover Insurance Group, Inc. (NYSE:THG) Stake Increased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 67.9% in the 1st quarter, according to the company in its most recent 13F 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 quarter. Tectonic Advisors LLC's holdings in The Hanover Insurance Group were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in The Hanover Insurance Group during the 4th quarter worth $67,928,000. Vaughan Nelson Investment Management L.P. acquired a new stake in The Hanover Insurance Group during the first quarter valued at approximately $64,340,000. Franklin Resources Inc. lifted its holdings in The Hanover Insurance Group by 28.6% during the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock worth $188,363,000 after buying an additional 270,491 shares during the last quarter. American Century Companies Inc. grew its position in shares of 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 worth $148,297,000 after acquiring an additional 130,054 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of The Hanover Insurance Group by 75.7% in the 4th quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after acquiring an additional 123,793 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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 transaction of $1,753,631.60. Following the completion of the sale, the executive vice president directly owned 25,864 shares of the company's stock, valued at $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on THG. JMP Securities lifted their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price objective for the company in a research report on Wednesday, July 9th. 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. Piper Sandler lifted their target price 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, Morgan Stanley increased 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 report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.38.

The Hanover Insurance Group Price Performance

Shares of THG traded up $1.10 during midday trading on Thursday, reaching $164.86. The stock had a trading volume of 160,060 shares, compared to its average volume of 217,610. 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 $5.92 billion, a P/E ratio of 13.72 and a beta of 0.44. The firm's 50 day moving average price is $168.35 and its 200-day moving average price is $163.96. The Hanover Insurance Group, Inc. has a 52 week low of $130.44 and a 52 week high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued 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 net margin of 6.98% and a return on equity of 18.23%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group's payout ratio is 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.