Orion Portfolio Solutions LLC Has $1.13 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Orion Portfolio Solutions LLC increased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,290 shares of the insurance provider’s stock after purchasing an additional 1,631 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in The Hanover Insurance Group were worth $1,128,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock valued at $558,934,000 after buying an additional 23,565 shares during the period. State Street Corp raised its holdings in shares of The Hanover Insurance Group by 0.3% during the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after acquiring an additional 3,780 shares in the last quarter. American Century Companies Inc. boosted its position in The Hanover Insurance Group by 15.7% during the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock valued at $148,297,000 after purchasing an additional 130,054 shares during the last quarter. Geode Capital Management LLC grew its stake in The Hanover Insurance Group by 2.6% in the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after purchasing an additional 16,800 shares in the last quarter. Finally, Norges Bank acquired a new position in The Hanover Insurance Group in the 4th quarter worth about $67,928,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $157.82 on Friday. 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 Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. The company’s fifty day moving average price is $165.04 and its 200 day moving average price is $157.95. The company has a market capitalization of $5.67 billion, a PE ratio of 13.50 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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%. As a group, analysts expect 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.28%. The Hanover Insurance Group’s dividend payout ratio is 30.80%.

Analyst Ratings Changes

A number of research firms recently commented on THG. BMO Capital Markets increased their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $179.00.

The Hanover Insurance Group Company 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.