Price T Rowe Associates Inc. MD Sells 136 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Price T Rowe Associates Inc. MD reduced its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 965,238 shares of the insurance provider’s stock after selling 136 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.69% of The Hanover Insurance Group worth $131,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of The Hanover Insurance Group during the 4th quarter worth about $197,000. Raymond James & Associates lifted its stake in The Hanover Insurance Group by 5.9% during the fourth quarter. Raymond James & Associates now owns 13,706 shares of the insurance provider’s stock worth $1,664,000 after purchasing an additional 761 shares during the period. Pacer Advisors Inc. boosted its holdings in The Hanover Insurance Group by 142.5% during the fourth quarter. Pacer Advisors Inc. now owns 7,336 shares of the insurance provider’s stock valued at $891,000 after purchasing an additional 4,311 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at approximately $738,000. Finally, UMB Bank n.a. raised its holdings in shares of The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total value of $135,940.00. Following the transaction, the executive vice president now directly owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were 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. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on THG shares. Oppenheimer boosted their price target on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. JMP Securities restated a “market outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 1st. 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 has an average rating of “Moderate Buy” and a consensus target price of $146.00.

The Hanover Insurance Group Price Performance

Shares of THG stock traded up $0.43 during trading hours on Monday, reaching $135.00. 25,041 shares of the company were exchanged, compared to its average volume of 172,403. 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 company has a market cap of $4.85 billion, a price-to-earnings ratio of 30.24 and a beta of 0.68. The stock’s fifty day moving average is $127.94 and its two-hundred day moving average is $130.09. The Hanover Insurance Group, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $138.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.47. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 10.74 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

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.