The Hanover Insurance Group, Inc. (NYSE:THG) Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,098 shares of the insurance provider’s stock after selling 1,146 shares during the period. Mutual of America Capital Management LLC’s holdings in The Hanover Insurance Group were worth $2,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in THG. UMB Bank n.a. raised its holdings 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 valued at $29,000 after acquiring an additional 84 shares during the period. M&T Bank Corp raised its holdings in shares of The Hanover Insurance Group by 3.8% during the third quarter. M&T Bank Corp now owns 2,590 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 96 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of The Hanover Insurance Group by 1.5% during the third quarter. Handelsbanken Fonder AB now owns 6,837 shares of the insurance provider’s stock valued at $759,000 after acquiring an additional 100 shares during the period. Assetmark Inc. raised its holdings in shares of The Hanover Insurance Group by 13.8% during the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 113 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of The Hanover Insurance Group by 129.8% during the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 122 shares during the period. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Performance

THG stock opened at $127.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 135.33 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 firm has a 50 day moving average of $131.41 and a two-hundred day moving average of $124.92.

The Hanover Insurance Group (NYSE:THG) last posted its 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm 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. This represents a $3.40 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is 361.70%.

Insider Transactions at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

THG has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a report on Friday, April 5th. TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. StockNews.com raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $147.00 price objective 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 issued a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.83.

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.