Janus Henderson Group PLC Sells 9,321 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Janus Henderson Group PLC lowered its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing 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 owned approximately 0.68% of The Hanover Insurance Group worth $37,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth approximately $67,928,000. Franklin Resources Inc. increased 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 worth $188,363,000 after buying an additional 270,491 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at $21,797,000. American Century Companies Inc. lifted its holdings in shares of 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 during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of The Hanover Insurance Group by 75.7% during the 4th quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock worth $44,443,000 after acquiring an additional 123,793 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Trading Up 1.5%

Shares of NYSE:THG traded up $2.50 during trading on Friday, reaching $168.43. 158,600 shares of the company traded hands, compared to its average volume of 208,256. 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 52-week low of $119.66 and a 52-week high of $176.16. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 14.41 and a beta of 0.44. The business's fifty day moving average is $165.31 and its 200-day moving average is $160.92.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.29. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The firm'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 company posted $3.08 EPS. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.90 per share. 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 2.14%. The Hanover Insurance Group's dividend payout ratio is currently 29.98%.

Analysts Set New Price Targets

THG has been the topic of a number of research analyst reports. Piper Sandler increased their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. JMP Securities increased their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research report on Thursday, May 1st. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Finally, Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $179.50.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value of $1,753,631.60. Following the completion of the transaction, the executive vice president now directly owns 25,864 shares in the company, valued at approximately $4,308,942.40. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Roche sold 301 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,027 shares of company stock valued at $1,841,309 over the last ninety days. 2.50% of the stock is owned by insiders.

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.