Public Employees Retirement Association of Colorado Decreases Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Public Employees Retirement Association of Colorado cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,086 shares of the insurance provider’s stock after selling 235 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.40% of The Hanover Insurance Group worth $18,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC increased its stake in The Hanover Insurance Group by 12.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,412 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 472 shares in the last quarter. Norges Bank acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at $48,900,000. Trexquant Investment LP purchased a new position in shares of The Hanover Insurance Group in the fourth quarter valued at $1,806,000. Assetmark Inc. raised its stake in shares of The Hanover Insurance Group by 36.1% during the 4th quarter. Assetmark Inc. now owns 1,270 shares of the insurance provider’s stock worth $154,000 after buying an additional 337 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position 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 worth $976,000 after buying an additional 109 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on THG shares. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Bank of America lowered their target price on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, JMP Securities boosted their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $157.80.

Insider Transactions at The Hanover Insurance Group

In related news, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the transaction, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Insiders have sold a total of 12,352 shares of company stock worth $1,766,623 in the last three months. Company insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Stock Down 1.5 %

THG stock opened at $146.83 on Friday. The company has a 50 day moving average price of $138.47 and a two-hundred day moving average price of $132.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $5.28 billion, a P/E ratio of 32.92 and a beta of 0.70. The Hanover Insurance Group, Inc. has a one year low of $108.03 and a one year high of $150.95.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned ($1.91) earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

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.