Brown Advisory Inc. Has $47.95 Million Stock Position in 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% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,629 shares of the insurance provider's stock after selling 5,498 shares during the period. Brown Advisory Inc. owned about 0.77% of The Hanover Insurance Group worth $47,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 buying an additional 374 shares during the period. Atria Investments Inc increased its position in The Hanover Insurance Group by 14.4% in the fourth quarter. Atria Investments Inc now owns 3,129 shares of the insurance provider's stock worth $484,000 after buying an additional 395 shares during the period. Proficio Capital Partners LLC acquired a new stake in The Hanover Insurance Group in the fourth quarter worth $4,903,000. Arizona State Retirement System increased its position in The Hanover Insurance Group by 0.9% in the fourth quarter. Arizona State Retirement System now owns 10,443 shares of the insurance provider's stock worth $1,615,000 after buying an additional 93 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in The Hanover Insurance Group in the fourth quarter worth $8,612,000. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

THG stock remained flat at $163.49 during trading hours on Friday. The company had a trading volume of 186,943 shares, compared to its average volume of 217,446. The firm has a 50 day moving average of $168.53 and a 200-day moving average of $163.83. The Hanover Insurance Group, Inc. has a fifty-two week low of $126.50 and a fifty-two week high of $178.68. The firm has a market capitalization of $5.87 billion, a P/E ratio of 13.61 and a beta of 0.44. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24.

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, beating 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 during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the business posted $3.08 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.90 per share. The ex-dividend date was Friday, June 13th. This represents a $3.60 annualized dividend and a yield of 2.20%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Insiders Place Their Bets

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 25,864 shares of the company's stock, valued at $4,308,942.40. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on THG. Morgan Stanley increased their target price 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. Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a research report on Wednesday. Piper Sandler increased their target price on 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. JMP Securities raised 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 raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $181.38.

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.