The Hanover Insurance Group, Inc. (NYSE:THG) Holdings Cut by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,930 shares of the insurance provider’s stock after selling 1,680 shares during the period. Hunter Perkins Capital Management LLC’s holdings in The Hanover Insurance Group were worth $1,690,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in The Hanover Insurance Group by 7.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,280 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 165 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of The Hanover Insurance Group by 89.7% during the 2nd quarter. Hsbc Holdings PLC now owns 3,228 shares of the insurance provider’s stock valued at $401,000 after buying an additional 1,526 shares during the last quarter. Bank of Montreal Can grew its stake in shares of The Hanover Insurance Group by 48.0% in the 2nd quarter. Bank of Montreal Can now owns 11,843 shares of the insurance provider’s stock valued at $1,488,000 after buying an additional 3,840 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in The Hanover Insurance Group in the second quarter worth approximately $4,284,000. Finally, Squarepoint Ops LLC bought a new position in The Hanover Insurance Group during the second quarter valued at approximately $1,673,000. 86.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

THG has been the subject of several recent research reports. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price for the company. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a “market perform” rating in a report on Friday, January 10th. Oppenheimer raised their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Bank of America raised their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $174.88.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This trade represents a 10.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 12,100 shares of company stock worth $1,951,223. 2.40% of the stock is currently owned by company insiders.

The Hanover Insurance Group Trading Down 0.0 %

The Hanover Insurance Group stock opened at $153.43 on Monday. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $166.13. 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 firm has a market capitalization of $5.53 billion, a PE ratio of 15.22 and a beta of 0.72. The business’s 50-day simple moving average is $156.92 and its 200-day simple moving average is $148.41.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.46 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

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