Janus Henderson Group PLC Lowers Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Janus Henderson Group PLC decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,610 shares of the insurance provider’s stock after selling 9,321 shares during the period. Janus Henderson Group PLC’s holdings in The Hanover Insurance Group were worth $37,831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock valued at $1,092,000 after acquiring an additional 65 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of 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 acquiring an additional 71 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 85 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after buying an additional 90 shares in the last quarter. Finally, Truist Financial Corp grew its position in The Hanover Insurance Group by 4.7% during the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock worth $313,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Activity at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president now owns 25,864 shares of the company’s stock, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John C. Roche sold 301 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was 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 of the company’s stock, valued at $21,772,450. This trade represents a 0.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,027 shares of company stock valued at $1,841,309. Company insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Stock Down 1.5%

Shares of NYSE THG opened at $163.67 on Thursday. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $176.16. The company has a market capitalization of $5.88 billion, a PE ratio of 14.00 and a beta of 0.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s 50-day moving average is $165.20 and its two-hundred day moving average is $160.60.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.29. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.08 earnings per share. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is 29.98%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on THG. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. JMP Securities upped their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 1st. Piper Sandler upped their target price 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.50.

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.