Brown Advisory Inc. Lowers Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Brown Advisory Inc. cut its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other hedge funds also recently added to or reduced their stakes in THG. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 102 shares in the last quarter. True Wealth Design LLC lifted its holdings 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 buying an additional 138 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 buying an additional 232 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group in the 1st quarter valued at $53,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of The Hanover Insurance Group by 4,675.0% in the 4th quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 374 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the transaction, the executive vice president directly owned 25,864 shares of the company's stock, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Performance

NYSE:THG remained flat at $163.49 during midday trading on Friday. 186,943 shares of the company traded hands, compared to its average volume of 217,235. The stock has a fifty day moving average of $168.67 and a two-hundred day moving average of $163.71. The Hanover Insurance Group, Inc. has a 12-month low of $124.20 and a 12-month high of $178.68. 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 firm has a market capitalization of $5.87 billion, a P/E ratio of 13.61 and a beta of 0.44.

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 net margin of 6.98% and a return on equity of 18.23%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $3.08 EPS. The Hanover Insurance Group's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

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

Wall Street Analysts Forecast Growth

THG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of 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. JMP Securities raised their price objective on shares of 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. Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.