Wealth Enhancement Advisory Services LLC Purchases 342 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Wealth Enhancement Advisory Services LLC boosted its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,693 shares of the insurance provider’s stock after acquiring an additional 342 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in The Hanover Insurance Group were worth $1,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 102 shares in the last quarter. True Wealth Design LLC boosted its stake in The Hanover Insurance Group by 81.7% during the fourth quarter. True Wealth Design LLC now owns 307 shares of the insurance provider’s stock valued at $47,000 after buying an additional 138 shares during the period. Versant Capital Management Inc boosted its stake in The Hanover Insurance Group by 331.4% during the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider’s stock valued at $53,000 after buying an additional 232 shares during the period. Harbor Capital Advisors Inc. purchased a new position in The Hanover Insurance Group during the first quarter worth about $53,000. Finally, Jones Financial Companies Lllp increased its stake in The Hanover Insurance Group by 4,675.0% in the 4th quarter. Jones Financial Companies Lllp now owns 382 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 374 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on THG shares. JMP Securities raised their price target on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a “market outperform” rating in a report on Thursday, May 1st. Piper Sandler raised their target price on shares of 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. 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. 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. Finally, Morgan Stanley raised 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 research report on Monday, May 19th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Hanover Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $179.50.

Insiders Place Their Bets

In other 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 directly owned 25,864 shares of the company’s stock, valued at approximately $4,308,942.40. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $169.62 on Tuesday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 14.12 and a beta of 0.45. The business has a 50 day moving average of $168.68 and a 200 day moving average of $163.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The Hanover Insurance Group, Inc. has a 1-year low of $123.17 and a 1-year high of $178.68.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, topping 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $3.08 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group’s payout ratio is presently 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.