Public Employees Retirement Association of Colorado Sells 768 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Public Employees Retirement Association of Colorado reduced its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,321 shares of the insurance provider’s stock after selling 768 shares during the period. Public Employees Retirement Association of Colorado owned about 0.40% of The Hanover Insurance Group worth $19,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. UMB Bank n.a. lifted its position in 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 buying an additional 84 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of The Hanover Insurance Group by 4.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of The Hanover Insurance Group by 1.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock worth $976,000 after purchasing an additional 109 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of The Hanover Insurance Group by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider’s stock worth $5,438,000 after purchasing an additional 147 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of The Hanover Insurance Group by 9.5% in the 4th quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 150 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on THG. Piper Sandler reaffirmed an “overweight” rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. Oppenheimer lifted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Insider Activity at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the transaction, the executive vice president now directly owns 4,398 shares in the company, valued at $597,864.12. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock traded up $0.39 during trading hours on Monday, reaching $134.96. 59,537 shares of the stock traded hands, compared to its average volume of 172,643. The company has a 50 day moving average price of $127.94 and a 200 day moving average price of $130.09. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 30.24 and a beta of 0.68. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.30. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.47. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post 10.74 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, June 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.52%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

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.