1,897 Shares in The Hanover Insurance Group, Inc. (NYSE:THG) Bought by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,897 shares of the insurance provider's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in shares of The Hanover Insurance Group by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after acquiring an additional 81 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in The Hanover Insurance Group by 2.0% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider's stock valued at $622,000 after purchasing an additional 84 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of The Hanover Insurance Group by 0.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider's stock valued at $2,176,000 after buying an additional 91 shares during the period. UMB Bank n.a. grew its stake in shares of The Hanover Insurance Group by 35.4% in the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock valued at $62,000 after buying an additional 109 shares during the period. Finally, Boston Financial Mangement LLC increased its holdings in shares of The Hanover Insurance Group by 6.8% during the 3rd quarter. Boston Financial Mangement LLC now owns 2,350 shares of the insurance provider's stock worth $348,000 after buying an additional 150 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Bank of America raised their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Morgan Stanley began coverage on shares of The Hanover Insurance Group in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $170.00 target price on the stock. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, Oppenheimer upped their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has an average rating of "Hold" and a consensus price target of $174.88.

The Hanover Insurance Group Stock Down 0.0 %

Shares of THG stock traded down $0.05 during trading on Thursday, reaching $156.56. The company's stock had a trading volume of 94,505 shares, compared to its average volume of 168,615. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $166.13. The stock's 50-day moving average price is $156.55 and its 200 day moving average price is $148.91. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.46 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.90 per share. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date was Friday, December 13th. This represents a $3.60 annualized dividend and a yield of 2.30%. The Hanover Insurance Group's dividend payout ratio is 35.71%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 6,114 shares of The Hanover Insurance Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the sale, the executive vice president now directly owns 54,091 shares of the company's stock, valued at approximately $8,782,214.76. The trade was a 10.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 12,100 shares of company stock valued at $1,951,223 in the last quarter. Corporate insiders own 2.40% of the company's stock.

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.