Cerity Partners LLC Acquires 2,432 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Cerity Partners LLC boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,049 shares of the insurance provider's stock after buying an additional 2,432 shares during the quarter. Cerity Partners LLC's holdings in The Hanover Insurance Group were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of THG. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC boosted 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 buying an additional 90 shares during the period. Eagle Bay Advisors LLC increased its holdings in shares of 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 during the period. Finally, GAMMA Investing LLC lifted its stake in shares of The Hanover Insurance Group by 226.0% in 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 last quarter. 86.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO John C. Roche sold 200 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Down 0.7 %

NYSE:THG traded down $1.11 during mid-day trading on Thursday, hitting $161.86. 29,859 shares of the company's stock were exchanged, compared to its average volume of 202,215. The company has a market cap of $5.81 billion, a PE ratio of 13.85 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The business has a fifty day moving average price of $164.70 and a 200 day moving average price of $158.91.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts' consensus estimates 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 analysts predict 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. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.22%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. StockNews.com lowered shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler upped their price objective 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of "Hold" and an average target price of $178.00.

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.