The Hanover Insurance Group, Inc. (NYSE:THG) Stock Holdings Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 34.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,371 shares of the insurance provider’s stock after selling 2,801 shares during the quarter. Pacer Advisors Inc.’s holdings in The Hanover Insurance Group were worth $831,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in The Hanover Insurance Group in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group during the third quarter worth approximately $30,000. Eagle Bay Advisors LLC grew its stake in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 236 shares during the period. Finally, GAMMA Investing LLC increased its stake 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 acquiring an additional 235 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 12,100 shares of company stock valued at $1,951,223 in the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on THG shares. Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. JMP Securities upped their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Morgan Stanley initiated coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $170.00 target price for the company. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a “market perform” rating in a research report on Friday, January 10th. Finally, Bank of America lifted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $174.88.

The Hanover Insurance Group Trading Up 0.2 %

THG stock opened at $153.38 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $166.13. The company’s 50 day moving average price is $156.01 and its two-hundred day moving average price is $149.49. The company has a market capitalization of $5.53 billion, a PE ratio of 15.22 and a beta of 0.72.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.90 dividend. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.35%. The Hanover Insurance Group’s payout ratio is presently 35.71%.

About The Hanover Insurance Group

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.