The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 34.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,371 shares of the insurance provider's stock after selling 2,801 shares during the period. Pacer Advisors Inc.'s holdings in The Hanover Insurance Group were worth $831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in The Hanover Insurance Group in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the third quarter worth approximately $30,000. Eagle Bay Advisors LLC increased its position in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after purchasing an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in The Hanover Insurance Group by 226.0% in the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 235 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THG has been the subject of a number of research reports. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Bank of America increased their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a "market perform" rating in a report on Friday, January 10th. Finally, Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group has a consensus rating of "Hold" and a consensus price target of $174.88.

The Hanover Insurance Group Trading Down 0.5 %

Shares of NYSE THG traded down $0.79 during mid-day trading on Friday, reaching $165.29. 413,995 shares of the company's stock were exchanged, compared to its average volume of 225,636. The company's 50-day moving average is $155.75 and its 200-day moving average is $149.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 16.40 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $166.98.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. Analysts expect that The Hanover Insurance Group, Inc. will post 11.46 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The Hanover Insurance Group's dividend payout ratio (DPR) is 35.71%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the sale, the executive vice president now directly owns 54,091 shares of the company's stock, valued at $8,782,214.76. This represents a 10.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.