The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,448 shares of the insurance provider’s stock after selling 1,198 shares during the period. Corient Private Wealth LLC’s holdings in The Hanover Insurance Group were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in THG. True Wealth Design LLC purchased a new stake in The Hanover Insurance Group during the third quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC grew its stake in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets raised their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley upped their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Price Performance

THG stock opened at $172.55 on Monday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 14.76 and a beta of 0.65. 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, Inc. has a 52-week low of $119.66 and a 52-week high of $176.00. The stock’s fifty day simple moving average is $163.46 and its 200-day simple moving average is $157.26.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.09%. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

Insider Activity at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

The Hanover Insurance Group 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.