Hennessy Advisors Inc. Sells 3,000 Shares of The Hanover Insurance Group, Inc. $THG

Hennessy Advisors Inc. lowered its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,900 shares of the insurance provider’s stock after selling 3,000 shares during the period. Hennessy Advisors Inc. owned approximately 0.13% of The Hanover Insurance Group worth $8,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its position in shares of The Hanover Insurance Group by 61.0% during the 1st quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after purchasing an additional 33,495 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 1,568.9% during the 1st quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 706 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of The Hanover Insurance Group by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock worth $38,052,000 after acquiring an additional 38,905 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of The Hanover Insurance Group by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock worth $22,445,000 after acquiring an additional 7,712 shares during the period. Finally, Invesco Ltd. boosted its stake in The Hanover Insurance Group by 7.7% in the 2nd quarter. Invesco Ltd. now owns 283,484 shares of the insurance provider’s stock valued at $48,155,000 after purchasing an additional 20,294 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,200 shares of the company’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 completion of the sale, the director directly owned 2,423 shares in the company, valued at $438,344.93. This represents a 33.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard W. Lavey sold 24,420 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the sale, the executive vice president owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. This represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $182.06 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a twelve month low of $155.93 and a twelve month high of $188.18. The company has a market cap of $6.41 billion, a P/E ratio of 10.02 and a beta of 0.29. The business has a fifty day simple moving average of $174.96 and a 200 day simple moving average of $177.00.

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 business had revenue of $1.67 billion during the quarter. On average, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, March 13th. The Hanover Insurance Group’s dividend payout ratio is currently 20.91%.

Analyst Ratings Changes

Several analysts have recently issued reports on THG shares. Wall Street Zen lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Royal Bank Of Canada cut their price objective on shares of The Hanover Insurance Group from $200.00 to $190.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Morgan Stanley cut their price objective on shares of The Hanover Insurance Group from $194.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.00.

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.