Federated Hermes Inc. Reduces Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Federated Hermes Inc. reduced its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,031 shares of the insurance provider’s stock after selling 587 shares during the period. Federated Hermes Inc.’s holdings in The Hanover Insurance Group were worth $2,015,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in THG. Aster Capital Management DIFC Ltd purchased a new stake in The Hanover Insurance Group in the fourth quarter valued at approximately $691,000. Russell Investments Group Ltd. raised its position in The Hanover Insurance Group by 8.5% in the 4th quarter. Russell Investments Group Ltd. now owns 122,369 shares of the insurance provider’s stock valued at $18,926,000 after purchasing an additional 9,566 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in The Hanover Insurance Group by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 104,971 shares of the insurance provider’s stock worth $16,235,000 after purchasing an additional 3,151 shares during the period. Wells Fargo & Company MN grew its position in The Hanover Insurance Group by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 23,642 shares of the insurance provider’s stock worth $3,656,000 after purchasing an additional 738 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in The Hanover Insurance Group in the fourth quarter valued at $1,019,000. 86.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the sale, the chief executive officer now owns 124,278 shares in the company, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Piper Sandler increased their price objective on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Morgan Stanley boosted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $178.00.

The Hanover Insurance Group Trading Up 0.0 %

NYSE:THG opened at $156.07 on Monday. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.35 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $176.16. The stock has a fifty day moving average price of $164.96 and a two-hundred day moving average price of $158.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is 30.80%.

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.