Mutual of America Capital Management LLC Reduces Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Mutual of America Capital Management LLC cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,098 shares of the insurance provider’s stock after selling 1,146 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of The Hanover Insurance Group worth $2,683,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in THG. UMB Bank n.a. increased its holdings in The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after buying an additional 84 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in The Hanover Insurance Group by 129.8% in the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Chilton Capital Management LLC purchased a new position in The Hanover Insurance Group in the first quarter valued at about $73,000. Covestor Ltd increased its holdings in The Hanover Insurance Group by 35.4% in the first quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after buying an additional 136 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of The Hanover Insurance Group by 45.7% in the first quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 170 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on THG. StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Finally, Piper Sandler restated an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.83.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares in the company, valued at approximately $473,677.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

The Hanover Insurance Group Stock Up 0.5 %

Shares of NYSE THG opened at $127.21 on Friday. The Hanover Insurance Group, Inc. has a 1 year low of $103.82 and a 1 year high of $138.00. The firm’s 50 day moving average price is $131.41 and its 200 day moving average price is $124.92. The firm has a market cap of $4.57 billion, a P/E ratio of 135.33 and a beta of 0.67. 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 Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 10.03 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.67%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 361.70%.

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.