3,172 Shares in The Hanover Insurance Group, Inc. $THG Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,172 shares of the insurance provider’s stock, valued at approximately $580,000.

Several other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in The Hanover Insurance Group by 3.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,880 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 64 shares in the last quarter. Ballentine Partners LLC lifted its stake in The Hanover Insurance Group by 3.4% during the 4th quarter. Ballentine Partners LLC now owns 2,026 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 66 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in The Hanover Insurance Group by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider’s stock worth $2,183,000 after acquiring an additional 66 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in The Hanover Insurance Group by 5.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,294 shares of the insurance provider’s stock worth $234,000 after purchasing an additional 68 shares during the period. Finally, Fifth Third Bancorp increased its holdings in The Hanover Insurance Group by 4.7% during the 4th quarter. Fifth Third Bancorp now owns 1,610 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets downgraded The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $194.00 to $203.00 in a report on Tuesday, May 19th. Morgan Stanley set a $195.00 price target on The Hanover Insurance Group in a report on Friday, May 1st. Wall Street Zen downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler upped their price target on The Hanover Insurance Group from $212.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Citizens Jmp upped their price target on The Hanover Insurance Group from $200.00 to $205.00 and gave the stock a “market outperform” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.00.

The Hanover Insurance Group Stock Down 0.5%

Shares of NYSE:THG opened at $186.51 on Friday. The company has a market capitalization of $6.53 billion, a PE ratio of 9.39 and a beta of 0.31. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The Hanover Insurance Group, Inc. has a twelve month low of $160.70 and a twelve month high of $199.59. The firm has a 50 day simple moving average of $182.13 and a 200-day simple moving average of $179.39.

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

The Hanover Insurance Group declared that its board has initiated a share repurchase program on Wednesday, May 13th that permits the company to buyback $700.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 10.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, EVP Denise Lowsley sold 4,175 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $191.73, for a total transaction of $800,472.75. Following the transaction, the executive vice president owned 3,883 shares in the company, valued at $744,487.59. This trade represents a 51.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Francisco Aristeguieta sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $195.37, for a total value of $195,370.00. Following the transaction, the director owned 4,053 shares in the company, valued at $791,834.61. This represents a 19.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,508 shares of company stock worth $5,704,651 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

About The Hanover Insurance Group

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.