Shelton Capital Management Cuts Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Shelton Capital Management decreased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355 shares of the insurance provider’s stock after selling 103 shares during the quarter. Shelton Capital Management’s holdings in The Hanover Insurance Group were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in The Hanover Insurance Group in the third quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position 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 valued at $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of 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. Eagle Bay Advisors LLC grew its position in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in The Hanover Insurance Group by 226.0% during 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 in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the transaction, the chief executive officer now directly owns 124,278 shares in the company, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on THG. Keefe, Bruyette & Woods lowered their price objective on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a research note on Wednesday. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets raised their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley upped 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. Finally, Piper Sandler raised their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group has an average rating of “Hold” and a consensus price target of $178.00.

The Hanover Insurance Group Trading Up 0.0 %

The Hanover Insurance Group stock opened at $156.07 on Friday. The firm has a market cap of $5.61 billion, a PE ratio of 13.35 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The stock’s 50 day simple moving average is $164.96 and its two-hundred day simple moving average is $158.25. 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 (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.90 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.31%. The Hanover Insurance Group’s payout ratio is 30.80%.

About The Hanover Insurance Group

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.