Federated Hermes Inc. Sells 13,589 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Federated Hermes Inc. lowered its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 53.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,691 shares of the insurance provider's stock after selling 13,589 shares during the period. Federated Hermes Inc.'s holdings in The Hanover Insurance Group were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in THG. International Assets Investment Management LLC increased its position in The Hanover Insurance Group by 11,733.1% in the 4th quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider's stock valued at $56,465,000 after acquiring an additional 461,109 shares during the period. Mesirow Institutional Investment Management Inc. acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at about $16,231,000. Lazard Asset Management LLC acquired a new position in The Hanover Insurance Group in the 3rd quarter valued at about $10,944,000. Ameriprise Financial Inc. increased its position in The Hanover Insurance Group by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 815,172 shares of the insurance provider's stock valued at $90,468,000 after acquiring an additional 88,456 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in The Hanover Insurance Group by 59.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 218,021 shares of the insurance provider's stock valued at $24,196,000 after acquiring an additional 81,081 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

Insider Activity at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the sale, the senior vice president now owns 3,612 shares of the company's stock, valued at approximately $473,677.68. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on THG. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Oppenheimer reiterated an "outperform" rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research report on Friday, April 5th. JMP Securities reiterated a "market outperform" rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, TheStreet upgraded The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $140.83.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG traded down $0.40 during trading on Tuesday, hitting $129.82. 171,445 shares of the stock were exchanged, compared to its average volume of 163,524. The company has a fifty day moving average price of $130.96 and a two-hundred day moving average price of $126.15. The company has a market cap of $4.66 billion, a PE ratio of 138.20 and a beta of 0.67. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32. The Hanover Insurance Group, Inc. has a 12-month low of $103.82 and a 12-month high of $138.00.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. On average, analysts forecast that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group's payout ratio is currently 361.71%.

The Hanover Insurance Group 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.