Handelsinvest Investeringsforvaltning Sells 1,096 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Handelsinvest Investeringsforvaltning decreased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 34.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,110 shares of the insurance provider’s stock after selling 1,096 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in The Hanover Insurance Group were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. UMB Bank n.a. boosted its stake 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 valued at $29,000 after purchasing an additional 84 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of The Hanover Insurance Group by 1.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after acquiring an additional 109 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of The Hanover Insurance Group by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider’s stock valued at $5,438,000 after acquiring an additional 147 shares in the last quarter. Parallel Advisors LLC grew its position in The Hanover Insurance Group by 9.5% during the 4th quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 150 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in The Hanover Insurance Group by 14.5% in the 4th quarter. Signaturefd LLC now owns 1,216 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on THG shares. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Oppenheimer raised their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, Piper Sandler restated an “overweight” rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Insider Activity

In related news, EVP Willard T. Lee sold 1,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the transaction, the executive vice president now owns 4,398 shares in the company, valued at $597,864.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 4,398 shares of the company’s stock, valued at $597,864.12. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Stock Down 0.4 %

Shares of THG stock traded down $0.48 on Wednesday, reaching $126.20. 1,296 shares of the company were exchanged, compared to its average volume of 165,234. 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 50-day moving average of $129.54 and a 200-day moving average of $129.21. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 28.43 and a beta of 0.68. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.47. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. Analysts anticipate that The Hanover Insurance Group, Inc. will post 10.39 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.69%. The Hanover Insurance Group’s 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.