Invesco Ltd. Trims Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Invesco Ltd. lowered its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,922 shares of the insurance provider’s stock after selling 553 shares during the quarter. Invesco Ltd. owned about 0.83% of The Hanover Insurance Group worth $46,231,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock worth $558,934,000 after purchasing an additional 23,565 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider’s stock worth $230,349,000 after buying an additional 4,799 shares during the period. Franklin Resources Inc. raised its holdings in shares of The Hanover Insurance Group by 28.6% in the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock valued at $188,363,000 after buying an additional 270,491 shares during the period. American Century Companies Inc. lifted its stake in The Hanover Insurance Group by 15.7% during the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock worth $148,297,000 after acquiring an additional 130,054 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in The Hanover Insurance Group by 2.4% during the 4th quarter. Alliancebernstein L.P. now owns 860,260 shares of the insurance provider’s stock valued at $133,048,000 after acquiring an additional 19,956 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling

In other news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

THG has been the topic of several research reports. BMO Capital Markets increased their price target on shares of 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. Keefe, Bruyette & Woods dropped their price target 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, April 9th. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley lifted 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $178.00.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $159.83 on Wednesday. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.67 and a beta of 0.47. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $164.83 and a 200 day moving average price of $158.43.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. Research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.25%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 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.