The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,449 shares of the insurance provider’s stock after selling 780 shares during the quarter. SRS Capital Advisors Inc.’s holdings in The Hanover Insurance Group were worth $176,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of The Hanover Insurance Group by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,610,736 shares of the insurance provider’s stock worth $400,719,000 after buying an additional 22,047 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of The Hanover Insurance Group by 7.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider’s stock worth $125,495,000 after purchasing an additional 75,737 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of The Hanover Insurance Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 950,037 shares of the insurance provider’s stock worth $105,435,000 after purchasing an additional 3,635 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in The Hanover Insurance Group by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider’s stock valued at $90,468,000 after buying an additional 88,456 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in The Hanover Insurance Group by 11,733.1% during the 4th quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider’s stock valued at $56,465,000 after buying an additional 461,109 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analysts Set New Price Targets

THG has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective 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, April 10th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Oppenheimer increased their price target on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.33.

The Hanover Insurance Group Trading Up 2.3 %

Shares of NYSE THG traded up $2.96 during trading on Friday, hitting $133.64. 252,072 shares of the company traded hands, compared to its average volume of 178,011. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.80 billion, a P/E ratio of 29.98 and a beta of 0.67. The company has a 50-day moving average price of $130.71 and a 200-day moving average price of $126.42. The Hanover Insurance Group, Inc. has a 1 year low of $103.82 and a 1 year high of $138.00.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.54%. The Hanover Insurance Group’s dividend payout ratio is currently 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.