Heritage Wealth Advisors Sells 248 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Heritage Wealth Advisors lessened its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,682 shares of the insurance provider’s stock after selling 248 shares during the quarter. Heritage Wealth Advisors’ holdings in The Hanover Insurance Group were worth $229,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of The Hanover Insurance Group in the 1st quarter worth about $31,000. UMB Bank n.a. lifted its holdings in The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after buying an additional 84 shares in the last quarter. Quarry LP bought a new stake in The Hanover Insurance Group during the 4th quarter valued at about $34,000. Baystate Wealth Management LLC lifted its holdings in The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after buying an additional 352 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in The Hanover Insurance Group during the 4th quarter valued at about $65,000. Institutional investors own 86.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on THG. JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Piper Sandler reiterated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Insider Transactions at The Hanover Insurance Group

In other news, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Up 1.5 %

NYSE THG traded up $2.03 during trading on Wednesday, reaching $133.81. 158,863 shares of the company’s stock traded hands, compared to its average volume of 169,054. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 29.91 and a beta of 0.68. The company’s 50 day simple moving average is $128.38 and its two-hundred day simple moving average is $129.52. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.30.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.47. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 10.47 EPS 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 28th. Stockholders of record on Friday, June 14th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group’s payout ratio is currently 76.23%.

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.