Sei Investments Co. Has $23.58 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Sei Investments Co. trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,489 shares of the insurance provider's stock after selling 6,169 shares during the quarter. Sei Investments Co. owned about 0.42% of The Hanover Insurance Group worth $23,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in THG. True Wealth Design LLC acquired a new stake in The Hanover Insurance Group in the third quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group during the third quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC lifted 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 purchasing an additional 90 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on THG shares. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Morgan Stanley raised their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $175.25.

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The Hanover Insurance Group Price Performance

Shares of THG stock traded down $2.06 during mid-day trading on Friday, hitting $172.55. 217,705 shares of the stock traded hands, compared to its average volume of 192,282. 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 company's 50-day simple moving average is $163.46 and its 200-day simple moving average is $157.26. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.00. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 14.76 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating 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, equities research 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is 30.80%.

Insider Buying and Selling

In other news, CEO John C. Roche sold 200 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was 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 of the company's stock, valued at $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

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.