Vest Financial LLC Acquires New Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Vest Financial LLC acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,873 shares of the insurance provider's stock, valued at approximately $848,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in The Hanover Insurance Group by 91.9% during the fourth 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. Venturi Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after acquiring an additional 90 shares during the period. True Wealth Design LLC lifted its position in shares of The Hanover Insurance Group by 81.7% in the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after acquiring an additional 138 shares during the period. Versant Capital Management Inc grew its holdings 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 worth $53,000 after purchasing an additional 232 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 worth $59,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

THG traded down $1.66 during trading on Monday, hitting $173.46. The company's stock had a trading volume of 176,280 shares, compared to its average volume of 211,927. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 14.84 and a beta of 0.45. The firm's 50 day moving average price is $165.56 and its two-hundred day moving average price is $162.35. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.08 earnings per share. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 29.98%.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction dated 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 completion of the sale, the executive vice president now owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,027 shares of company stock worth $1,841,309. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler upped 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. 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. JMP Securities raised 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 lifted their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley upped their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Company 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.