Peregrine Capital Management LLC Sells 1,342 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Peregrine Capital Management LLC reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,889 shares of the insurance provider’s stock after selling 1,342 shares during the quarter. Peregrine Capital Management LLC’s holdings in The Hanover Insurance Group were worth $5,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of THG. Venturi Wealth Management LLC boosted its holdings in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 90 shares during the period. Truist Financial Corp lifted its position in shares of The Hanover Insurance Group by 4.7% during the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock worth $313,000 after purchasing an additional 90 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in The Hanover Insurance Group by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 4,186 shares of the insurance provider’s stock valued at $652,000 after purchasing an additional 173 shares during the period. Principal Securities Inc. grew its holdings in The Hanover Insurance Group by 15.4% in the 4th quarter. Principal Securities Inc. now owns 1,315 shares of the insurance provider’s stock valued at $203,000 after buying an additional 175 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its position in The Hanover Insurance Group by 3.9% in the 4th quarter. Everhart Financial Group Inc. now owns 3,506 shares of the insurance provider’s stock worth $542,000 after buying an additional 132 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

THG has been the topic of several research analyst reports. JMP Securities raised their price objective on shares of 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. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Oppenheimer boosted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Stock Down 1.5 %

Shares of THG opened at $160.20 on Wednesday. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $166.98. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 13.70 and a beta of 0.72. The company has a 50-day moving average price of $155.72 and a two-hundred day moving average price of $151.42. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. Equities analysts predict that The Hanover Insurance Group, Inc. will post 14.11 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, December 13th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s payout ratio is 30.80%.

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.