DekaBank Deutsche Girozentrale lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,154 shares of the insurance provider’s stock after selling 959 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in The Hanover Insurance Group were worth $1,783,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its stake in shares of The Hanover Insurance Group by 55.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider’s stock valued at $26,000 after buying an additional 72 shares during the period. Riverview Trust Co boosted its stake in shares of The Hanover Insurance Group by 48.2% in the 3rd quarter. Riverview Trust Co now owns 338 shares of the insurance provider’s stock valued at $43,000 after buying an additional 110 shares during the period. Assetmark Inc. raised its position in shares of The Hanover Insurance Group by 40.6% during the 3rd quarter. Assetmark Inc. now owns 343 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 99 shares in the last quarter. Covestor Ltd raised its position in shares of The Hanover Insurance Group by 35.4% during the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 136 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of The Hanover Insurance Group by 45.7% during the 1st quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock worth $81,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.
The Hanover Insurance Group Trading Down 3.1 %
THG opened at $124.67 on Friday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 0.33 and a beta of 0.69. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $132.05 and its two-hundred day moving average is $136.20. The Hanover Insurance Group, Inc. has a 52 week low of $119.82 and a 52 week high of $155.55.
The Hanover Insurance Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, March 14th. The Hanover Insurance Group’s payout ratio is currently 100.93%.
Insider Activity
In other news, SVP Warren E. Barnes sold 862 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $138.51, for a total value of $119,395.62. Following the transaction, the senior vice president now owns 4,075 shares of the company’s stock, valued at $564,428.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on The Hanover Insurance Group from $148.00 to $141.00 and set a “market perform” rating on the stock in a research report on Tuesday. BMO Capital Markets assumed coverage on The Hanover Insurance Group in a research report on Thursday, January 19th. They set a “market perform” rating and a $141.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $170.00 target price on shares of The Hanover Insurance Group in a research report on Friday, February 3rd. StockNews.com began coverage on The Hanover Insurance Group in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Piper Sandler lifted their price target on The Hanover Insurance Group from $153.00 to $159.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $154.17.
The Hanover Insurance Group Profile
The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Core Commercial, Specialty, Personal Lines and Other. The Core Commercial segment includes commercial multiple peril, commercial automobile, workers compensation and other core commercial coverage, such as general liability, commercial umbrella and monoline property.
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