The Hanover Insurance Group, Inc. $THG Stock Position Decreased by Vestcor Inc

Vestcor Inc lowered its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 27.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,783 shares of the insurance provider’s stock after selling 5,310 shares during the quarter. Vestcor Inc’s holdings in The Hanover Insurance Group were worth $2,503,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of The Hanover Insurance Group by 56.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of The Hanover Insurance Group in the third quarter worth $43,000. Quent Capital LLC acquired a new stake in The Hanover Insurance Group in the 3rd quarter worth $69,000. Finally, Bessemer Group Inc. increased its stake in The Hanover Insurance Group by 87.7% during the third quarter. Bessemer Group Inc. now owns 533 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 249 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Up 0.1%

The Hanover Insurance Group stock opened at $174.53 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a 1-year low of $147.76 and a 1-year high of $188.18. The company has a fifty day simple moving average of $174.71 and a 200 day simple moving average of $177.47. The company has a market cap of $6.13 billion, a P/E ratio of 9.61 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The company had revenue of $1.67 billion during the quarter. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio is currently 20.91%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on THG shares. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada initiated coverage on The Hanover Insurance Group in a research note on Monday, November 24th. They set a “sector perform” rating and a $200.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.60.

Insider Activity at The Hanover Insurance Group

In related news, EVP Richard W. Lavey sold 24,420 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total value of $4,369,226.40. Following the completion of the transaction, the executive vice president directly owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director owned 2,423 shares in the company, valued at approximately $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.