Brown Advisory Inc. Sells 5,498 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Brown Advisory Inc. reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 275,629 shares of the insurance provider's stock after selling 5,498 shares during the quarter. Brown Advisory Inc. owned 0.77% of The Hanover Insurance Group worth $47,946,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $33,000 after acquiring an additional 102 shares during the period. True Wealth Design LLC grew its stake in shares of 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 valued at $47,000 after acquiring an additional 138 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 valued at $53,000 after acquiring an additional 232 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of The Hanover Insurance Group during the 1st quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 valued at $59,000 after acquiring an additional 374 shares during the period. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on THG shares. Piper Sandler boosted their price objective 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. Morgan Stanley boosted their price objective 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, May 19th. JMP Securities boosted their price objective 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 raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target on the stock in a report on Wednesday. Finally, Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $181.38.

The Hanover Insurance Group Price Performance

NYSE THG traded up $2.56 during trading hours on Wednesday, reaching $165.44. The company's stock had a trading volume of 351,310 shares, compared to its average volume of 217,033. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 13.78 and a beta of 0.44. The Hanover Insurance Group, Inc. has a 1 year low of $123.17 and a 1 year high of $178.68. The firm's 50-day moving average price is $168.72 and its 200-day moving average price is $163.64. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $1.55 billion. During the same period in the prior year, the firm earned $3.08 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 annualized dividend and a yield of 2.18%. The Hanover Insurance Group's payout ratio is presently 29.98%.

Insiders Place Their Bets

In other The Hanover Insurance Group 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 value of $1,753,631.60. Following the transaction, the executive vice president owned 25,864 shares of the company's stock, valued at $4,308,942.40. This represents a 28.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

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.