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

Measured Wealth Private Client Group LLC purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,172 shares of the insurance provider’s stock, valued at approximately $580,000.

Several other large investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in shares of The Hanover Insurance Group by 3.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,880 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 64 shares in the last quarter. Ballentine Partners LLC increased its position in shares of The Hanover Insurance Group by 3.4% during the fourth quarter. Ballentine Partners LLC now owns 2,026 shares of the insurance provider’s stock worth $370,000 after purchasing an additional 66 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of The Hanover Insurance Group by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider’s stock worth $2,183,000 after purchasing an additional 66 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of The Hanover Insurance Group by 5.5% during the fourth 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 in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of The Hanover Insurance Group by 4.7% during the fourth quarter. Fifth Third Bancorp now owns 1,610 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 72 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John C. Roche sold 8,358 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.74, for a total value of $1,619,278.92. Following the transaction, the chief executive officer owned 141,011 shares of the company’s stock, valued at $27,319,471.14. This represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cynthia Egan sold 3,400 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $188.50, for a total value of $640,900.00. Following the transaction, the director directly owned 9,359 shares in the company, valued at approximately $1,764,171.50. The trade was a 26.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 29,508 shares of company stock worth $5,704,651. Corporate insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $186.51 on Friday. The Hanover Insurance Group, Inc. has a 52 week low of $160.70 and a 52 week high of $199.59. The business’s fifty day simple moving average is $182.13 and its 200-day simple moving average is $179.39. The firm has a market cap of $6.53 billion, a PE ratio of 9.39 and a beta of 0.31. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $3.87 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that The Hanover Insurance Group, Inc. will post 18.36 earnings per share for the current year.

The Hanover Insurance Group declared that its board has initiated a stock buyback 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 reacquire up to 10.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

THG has been the subject of several research reports. Royal Bank Of Canada boosted their price target on The Hanover Insurance Group from $190.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $208.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Citizens Jmp boosted their price target on The Hanover Insurance Group from $200.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 30th. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, April 30th. Finally, Oppenheimer boosted their price objective on The Hanover Insurance Group from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.00.

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.