The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lessened its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 45.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,604 shares of the insurance provider’s stock after selling 14,394 shares during the quarter. Alaska Permanent Fund Corp’s holdings in The Hanover Insurance Group were worth $2,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of The Hanover Insurance Group by 55.6% during the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 352 shares in the last quarter. Assetmark Inc. lifted its stake in shares of The Hanover Insurance Group by 13.8% in the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 113 shares in the last quarter. Signaturefd LLC lifted its stake in shares of The Hanover Insurance Group by 37.9% in the third quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 292 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $197,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insiders Place Their Bets

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the completion of the sale, the senior vice president now directly owns 3,612 shares in the company, valued at $473,677.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on THG shares. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research note on Friday, April 5th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 15th. Piper Sandler reaffirmed an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.83.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $131.17 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $131.20 and a 200-day simple moving average of $125.67. The company has a market cap of $4.71 billion, a PE ratio of 139.54 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a yield of 2.59%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 361.71%.

The Hanover Insurance Group 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.