The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,806 shares of the insurance provider's stock after acquiring an additional 11,422 shares during the quarter. Aptus Capital Advisors LLC owned about 0.17% of The Hanover Insurance Group worth $9,714,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in THG. Wilmington Savings Fund Society FSB purchased a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC lifted its position in The Hanover Insurance Group by 49.5% during 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 in the last quarter. Eagle Bay Advisors LLC increased its position in 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 worth $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 235 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THG. 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. JMP Securities increased their price target on 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. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday. Piper Sandler lifted 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. Finally, StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $179.50.

Insider Buying and Selling

In other news, CEO John C. Roche sold 301 shares of the firm's 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 completion of the sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan J. Salvatore sold 10,526 shares of the business's 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 sale, the executive vice president now owns 25,864 shares in the company, valued at $4,308,942.40. The trade was a 28.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,027 shares of company stock valued at $1,841,309 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

The Hanover Insurance Group Trading Up 0.6 %

NYSE THG traded up $1.08 on Friday, hitting $167.32. 46,106 shares of the stock were exchanged, compared to its average volume of 205,905. The stock has a fifty day moving average price of $165.41 and a two-hundred day moving average price of $160.15. The firm has a market capitalization of $6.01 billion, a P/E ratio of 14.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.08 earnings per share. Research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 29.98%.

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.