Nisa Investment Advisors LLC Lowers Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Nisa Investment Advisors LLC lowered its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,624 shares of the insurance provider’s stock after selling 1,006 shares during the period. Nisa Investment Advisors LLC’s holdings in The Hanover Insurance Group were worth $1,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in THG. UMB Bank n.a. grew its position in shares of The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the period. Advisors Asset Management Inc. grew its position in shares of The Hanover Insurance Group by 129.8% in the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 122 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of The Hanover Insurance Group in the first quarter valued at $73,000. Covestor Ltd grew its position in shares of The Hanover Insurance Group by 35.4% in the first quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 136 shares during the period. Finally, Quantbot Technologies LP grew its position in The Hanover Insurance Group by 45.7% during the first quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Up 0.2 %

Shares of THG opened at $128.43 on Friday. The stock’s 50-day moving average is $131.64 and its two-hundred day moving average is $124.55. The stock has a market cap of $4.61 billion, a PE ratio of 136.63 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 company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39.

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

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 361.71%.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares in the company, valued at $473,677.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on THG. TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Oppenheimer reissued an “outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.83.

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.