The Hanover Insurance Group, Inc. $THG Stock Holdings Decreased by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 17.3% during the first quarter, Holdings Channel reports. The fund owned 140,938 shares of the insurance provider’s stock after selling 29,409 shares during the quarter. Boston Trust Walden Corp’s holdings in The Hanover Insurance Group were worth $24,432,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter valued at $26,000. Community Bank N.A. purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at $27,000. McMillan Office Inc. acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter worth $31,000. Entrust Financial LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter worth $33,000. Finally, Root Financial Partners LLC grew its holdings in shares of The Hanover Insurance Group by 69.3% during the first quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Activity at The Hanover Insurance Group

In related news, CEO John C. Roche sold 8,358 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.74, for a total value of $1,619,278.92. Following the transaction, the chief executive officer directly owned 141,011 shares in the company, valued at approximately $27,319,471.14. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Francisco Aristeguieta sold 1,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $195.37, for a total transaction of $195,370.00. Following the transaction, the director directly owned 4,053 shares of the company’s stock, valued at approximately $791,834.61. This represents a 19.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 29,508 shares of company stock valued at $5,704,651. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on THG shares. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $208.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their target price on The Hanover Insurance Group from $190.00 to $195.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Morgan Stanley set a $195.00 target price on The Hanover Insurance Group in a report on Friday, May 1st. Oppenheimer upped their price objective on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.00.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $221.14 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $160.97 and a fifty-two week high of $221.70. The business has a 50-day moving average of $195.15 and a two-hundred day moving average of $182.80. The stock has a market capitalization of $7.74 billion, a P/E ratio of 11.13 and a beta of 0.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm posted $3.87 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 18.36 EPS for the current fiscal year.

The Hanover Insurance Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 13th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the insurance provider to reacquire up to 10.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, June 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 19.12%.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.