The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 51,714 shares of the insurance provider’s stock after selling 2,197 shares during the quarter. Trillium Asset Management LLC’s holdings in The Hanover Insurance Group were worth $7,998,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. AMG National Trust Bank grew its holdings in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after purchasing an additional 71 shares during the last quarter. Captrust Financial Advisors grew its holdings in The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in The Hanover Insurance Group by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after purchasing an additional 85 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in The Hanover Insurance Group by 49.5% in the fourth 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, Truist Financial Corp grew its holdings in The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock valued at $313,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

THG has been the topic of a number of analyst reports. Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Morgan Stanley increased their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. 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. Finally, BMO Capital Markets increased their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Stock Up 0.7 %

Shares of NYSE:THG opened at $170.71 on Thursday. The stock’s 50-day moving average price is $160.82 and its two-hundred day moving average price is $155.90. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $173.30. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 14.60 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 30.80%.

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.