The Hanover Insurance Group, Inc. $THG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 69.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,195 shares of the insurance provider’s stock after selling 7,286 shares during the period. Federated Hermes Inc.’s holdings in The Hanover Insurance Group were worth $580,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in The Hanover Insurance Group during the second quarter worth $77,169,000. Alliancebernstein L.P. raised its position in shares of The Hanover Insurance Group by 36.1% in the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock worth $217,505,000 after acquiring an additional 339,896 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of The Hanover Insurance Group by 52.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 558,000 shares of the insurance provider’s stock worth $94,787,000 after acquiring an additional 193,000 shares in the last quarter. AQR Capital Management LLC grew its position in shares of The Hanover Insurance Group by 21.0% during the 2nd quarter. AQR Capital Management LLC now owns 553,815 shares of the insurance provider’s stock valued at $93,190,000 after acquiring an additional 96,006 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at about $16,217,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Trading Down 1.0%

Shares of The Hanover Insurance Group stock opened at $176.26 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.43 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $178.16 and its 200-day simple moving average is $176.54. The stock has a market cap of $6.27 billion, a P/E ratio of 9.70 and a beta of 0.32. The Hanover Insurance Group, Inc. has a 1-year low of $147.76 and a 1-year high of $188.18.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 3rd. The insurance provider reported $5.79 EPS for the quarter, topping analysts’ consensus estimates of $5.20 by $0.59. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.32 earnings per share. Analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $0.95 dividend. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.90. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 12th. The Hanover Insurance Group’s payout ratio is currently 20.91%.

Insider Activity

In other news, EVP Denise Lowsley sold 1,619 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total value of $293,799.93. Following the completion of the sale, the executive vice president owned 3,511 shares of the company’s stock, valued at $637,141.17. This represents a 31.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Richard W. Lavey sold 24,420 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the sale, the executive vice president owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

THG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada initiated coverage on shares of The Hanover Insurance Group in a report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.