Measured Wealth Private Client Group LLC Has $28,000 Stock Holdings in The Hanover Insurance Group, Inc. $THG

Measured Wealth Private Client Group LLC trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 94.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163 shares of the insurance provider’s stock after selling 3,009 shares during the period. Measured Wealth Private Client Group LLC’s holdings in The Hanover Insurance Group were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of THG. JPL Wealth Management LLC purchased a new position in The Hanover Insurance Group in the third quarter valued at about $26,000. McMillan Office Inc. purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter worth about $31,000. Entrust Financial LLC purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter worth about $33,000. Root Financial Partners LLC lifted its holdings in shares of The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after buying an additional 97 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of The Hanover Insurance Group by 146.2% during the 4th quarter. IFP Advisors Inc now owns 256 shares of the insurance provider’s stock valued at $47,000 after buying an additional 152 shares during 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 related news, EVP Denise Lowsley sold 4,175 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $191.73, for a total transaction of $800,472.75. Following the completion of the sale, the executive vice president directly owned 3,883 shares of the company’s stock, valued at approximately $744,487.59. This represents a 51.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dennis Francis Kerrigan sold 6,262 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $192.99, for a total transaction of $1,208,503.38. Following the completion of the transaction, the executive vice president owned 11,988 shares in the company, valued at $2,313,564.12. The trade was a 34.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,508 shares of company stock worth $5,704,651 in the last quarter. 2.80% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Up 0.6%

Shares of THG stock opened at $214.10 on Friday. The stock’s 50 day simple moving average is $203.16 and its 200 day simple moving average is $185.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The Hanover Insurance Group, Inc. has a twelve month low of $163.18 and a twelve month high of $225.29. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 10.78 and a beta of 0.28.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business earned $3.87 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that The Hanover Insurance Group, Inc. will post 18.38 EPS for the current year.

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

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, June 12th. The Hanover Insurance Group’s payout ratio is presently 19.12%.

Analyst Upgrades and Downgrades

THG has been the topic of a number of research reports. Piper Sandler downgraded The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a report on Wednesday, July 15th. Oppenheimer lifted their target price on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of The Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $194.00 to $203.00 in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hanover Insurance Group has an average rating of “Moderate Buy” and an average target price of $218.29.

The Hanover Insurance Group Company Profile

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.