The Hanover Insurance Group, Inc. (NYSE:THG) Position Reduced by Comerica Bank

Comerica Bank lessened its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,221 shares of the insurance provider's stock after selling 2,644 shares during the period. Comerica Bank owned about 0.09% of The Hanover Insurance Group worth $4,829,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of The Hanover Insurance Group in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its position in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of 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 buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of The Hanover Insurance Group by 226.0% in the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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 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 completion of the sale, the executive vice president now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 11,027 shares of company stock valued at $1,841,309. Corporate insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Up 0.2%

Shares of The Hanover Insurance Group stock traded up $0.35 during trading hours on Friday, hitting $166.59. The company's stock had a trading volume of 180,882 shares, compared to its average volume of 207,247. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16. The business has a fifty day moving average of $165.34 and a 200 day moving average of $160.39. The company has a market capitalization of $5.98 billion, a PE ratio of 14.25 and a beta of 0.44. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last released 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.08 earnings per share. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's payout ratio is 29.98%.

Analyst Ratings Changes

THG has been the subject of several research analyst reports. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. JMP Securities upped their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Morgan Stanley upped their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research report on Wednesday. Finally, Piper Sandler upped their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $179.50.

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.