Kennedy Capital Management LLC Sells 706 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Kennedy Capital Management LLC lowered its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,486 shares of the insurance provider’s stock after selling 706 shares during the period. Kennedy Capital Management LLC’s holdings in The Hanover Insurance Group were worth $2,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of THG. Wilmington Savings Fund Society FSB bought a new stake in The Hanover Insurance Group during the third quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of The Hanover Insurance Group by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC grew its position in shares of 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 worth $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Hanover Insurance Group by 226.0% during the fourth quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock valued at $52,000 after buying an additional 235 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Price Performance

THG stock opened at $156.07 on Monday. The company has a market capitalization of $5.61 billion, a PE ratio of 13.35 and a beta of 0.47. The company’s fifty day moving average price is $164.96 and its 200-day moving average price is $158.33. The Hanover Insurance Group, Inc. has a one year low of $119.66 and a one year high of $176.16. 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 released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

Analyst Ratings Changes

A number of equities analysts have issued reports on THG shares. 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 lifted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $178.00.

Insider Buying and Selling at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares of the company’s stock, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

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.