Janus Henderson Group PLC Decreases Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Janus Henderson Group PLC lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,610 shares of the insurance provider’s stock after selling 9,321 shares during the period. Janus Henderson Group PLC owned approximately 0.68% of The Hanover Insurance Group worth $37,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its position in The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock valued at $1,092,000 after buying an additional 65 shares during the period. AMG National Trust Bank boosted its position in The Hanover Insurance Group by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after buying an additional 71 shares during the period. Ironwood Investment Management LLC boosted its position in The Hanover Insurance Group by 0.9% in the 4th 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 period. Venturi Wealth Management LLC boosted its position in The Hanover Insurance Group by 49.5% in the 4th 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 period. Finally, Truist Financial Corp boosted its position in The Hanover Insurance Group by 4.7% in the 4th 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 period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $163.67 on Thursday. The company’s fifty day moving average price is $165.20 and its 200 day moving average price is $160.60. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. 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 firm has a market capitalization of $5.88 billion, a P/E ratio of 14.00 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business earned $3.08 EPS. The Hanover Insurance Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict 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. Investors of record on Friday, March 14th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.20%. The Hanover Insurance Group’s dividend payout ratio is currently 29.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a “market perform” rating in a report on Wednesday, May 7th. Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Morgan Stanley raised their price objective on shares of 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. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.50.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value of $1,753,631.60. Following the transaction, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares in the company, valued at approximately $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,027 shares of company stock worth $1,841,309 in the last ninety days. 2.50% of the stock is owned by corporate insiders.

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.