GAMMA Investing LLC Raises Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

GAMMA Investing LLC lifted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 25,505.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 86,801 shares of the insurance provider's stock after purchasing an additional 86,462 shares during the period. GAMMA Investing LLC owned about 0.24% of The Hanover Insurance Group worth $150,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted 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 valued at $33,000 after acquiring an additional 102 shares in the last quarter. Venturi Wealth Management LLC grew its stake in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. True Wealth Design LLC raised its holdings in The Hanover Insurance Group by 81.7% in the fourth quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after purchasing an additional 138 shares in the last quarter. Versant Capital Management Inc raised its holdings in The Hanover Insurance Group by 331.4% in the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after purchasing an additional 232 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of The Hanover Insurance Group by 4,675.0% during the fourth quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider's stock valued at $59,000 after buying an additional 374 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on THG. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. JMP Securities increased their price target 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. Morgan Stanley upped 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. Finally, Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Activity at The Hanover Insurance Group

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 transaction, the executive vice president now owns 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,027 shares of company stock valued at $1,841,309 over the last ninety days. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Down 0.6%

Shares of THG stock traded down $1.04 during trading hours on Thursday, hitting $172.32. The company had a trading volume of 52,047 shares, compared to its average volume of 211,111. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $6.19 billion, a PE ratio of 14.74 and a beta of 0.44. The company's fifty day moving average is $165.59 and its 200 day moving average is $162.22. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two 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, beating the consensus estimate of $3.58 by $0.29. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.08 EPS. Research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group's payout ratio is currently 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.