4,998 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Wealthquest Corp

Wealthquest Corp acquired a new position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,998 shares of the insurance provider's stock, valued at approximately $869,000.

Several other large investors have also recently made changes to their positions in THG. EverSource Wealth Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after acquiring an additional 102 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings 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 last quarter. True Wealth Design LLC lifted its holdings 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 last quarter. Versant Capital Management Inc lifted its holdings in shares of The Hanover Insurance Group by 331.4% in the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after acquiring an additional 232 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $53,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

THG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities upped their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 1st. Finally, Piper Sandler upped their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, The Hanover Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Stock Down 0.7%

Shares of NYSE:THG traded down $1.20 during trading hours on Friday, reaching $167.69. The stock had a trading volume of 429,932 shares, compared to its average volume of 215,149. The Hanover Insurance Group, Inc. has a 1 year low of $122.79 and a 1 year high of $178.68. The firm's 50 day moving average is $168.44 and its 200-day moving average is $163.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 13.96 and a beta of 0.45.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $3.08 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio is presently 29.98%.

Insider Activity at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at $21,772,450. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction on 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 sale, the executive vice president now owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

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.