Federated Hermes Inc. Sells 13,589 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Federated Hermes Inc. lowered its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 53.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,691 shares of the insurance provider’s stock after selling 13,589 shares during the period. Federated Hermes Inc.’s holdings in The Hanover Insurance Group were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of THG. Vanguard Group Inc. boosted its position in The Hanover Insurance Group by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,610,736 shares of the insurance provider’s stock worth $400,719,000 after purchasing an additional 22,047 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in The Hanover Insurance Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 950,037 shares of the insurance provider’s stock valued at $105,435,000 after buying an additional 3,635 shares during the period. Ameriprise Financial Inc. grew its position in The Hanover Insurance Group by 12.2% during the third quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider’s stock valued at $90,468,000 after buying an additional 88,456 shares during the period. International Assets Investment Management LLC increased its holdings in The Hanover Insurance Group by 11,733.1% during the fourth quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider’s stock valued at $56,465,000 after buying an additional 461,109 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in The Hanover Insurance Group by 3.0% in the third quarter. Brown Advisory Inc. now owns 253,367 shares of the insurance provider’s stock worth $28,119,000 after acquiring an additional 7,273 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on THG. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.83.

Insider Activity at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Price Performance

THG stock opened at $130.26 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The company’s fifty day moving average price is $130.96 and its 200-day moving average price is $126.15. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.00. The company has a market capitalization of $4.68 billion, a PE ratio of 138.58 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.56 billion. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s payout ratio is presently 361.71%.

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.