Mercer Global Advisors Inc. ADV Has $696,000 Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Mercer Global Advisors Inc. ADV lifted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 114.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,498 shares of the insurance provider’s stock after buying an additional 2,405 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in The Hanover Insurance Group were worth $696,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after buying an additional 102 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after buying an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after buying an additional 235 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president now directly owns 25,864 shares in the company, valued at $4,308,942.40. This represents a 28.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company’s stock, valued at $21,772,450. This trade represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,027 shares of company stock worth $1,841,309 in the last three months. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on THG shares. Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a “market perform” rating in a report on Wednesday, May 7th. JMP Securities increased their target price on The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a “market outperform” rating in a report on Thursday, May 1st. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Piper Sandler increased their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.50.

The Hanover Insurance Group Trading Up 0.2%

The Hanover Insurance Group stock opened at $166.59 on Monday. The firm has a 50-day moving average of $165.34 and a 200-day moving average of $160.39. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 14.25 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $3.08 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.16%. The Hanover Insurance Group’s dividend payout ratio is 29.98%.

The Hanover Insurance Group Company 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.