The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,714 shares of the insurance provider’s stock after selling 2,197 shares during the quarter. Trillium Asset Management LLC owned about 0.14% of The Hanover Insurance Group worth $7,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AMG National Trust Bank boosted its holdings in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after purchasing an additional 71 shares in the last quarter. Captrust Financial Advisors boosted its holdings in The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 81 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in The Hanover Insurance Group by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after buying an additional 85 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock valued at $313,000 after buying an additional 90 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on THG. Morgan Stanley boosted their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Janney Montgomery Scott cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $170.71 on Thursday. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $173.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day simple moving average of $160.82 and a 200-day simple moving average of $155.90. The stock has a market capitalization of $6.13 billion, a PE ratio of 14.60 and a beta of 0.65.

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

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.11%. The ex-dividend date is 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.