Public Employees Retirement Association of Colorado Trims Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,613 shares of the insurance provider's stock after selling 15,100 shares during the period. Public Employees Retirement Association of Colorado owned about 0.36% of The Hanover Insurance Group worth $19,891,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP boosted its position in The Hanover Insurance Group by 209.6% during the fourth quarter. Quarry LP now owns 870 shares of the insurance provider's stock valued at $135,000 after buying an additional 589 shares during the period. Boothbay Fund Management LLC bought a new position in shares of The Hanover Insurance Group during the fourth quarter valued at about $355,000. Susquehanna Fundamental Investments LLC bought a new position in shares of The Hanover Insurance Group during the fourth quarter valued at about $3,172,000. Adage Capital Partners GP L.L.C. raised its stake in shares of The Hanover Insurance Group by 3.2% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 288,900 shares of the insurance provider's stock valued at $44,681,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of The Hanover Insurance Group by 0.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 625,527 shares of the insurance provider's stock valued at $96,744,000 after acquiring an additional 4,168 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Down 0.2 %

Shares of NYSE THG traded down $0.25 on Thursday, reaching $165.85. 360,163 shares of the company's stock traded hands, compared to its average volume of 205,549. The Hanover Insurance Group, Inc. has a 12 month low of $119.66 and a 12 month high of $176.16. The business's 50 day simple moving average is $165.28 and its two-hundred day simple moving average is $159.63. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 14.19 and a beta of 0.47. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the company posted $3.08 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast 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 declared 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

Insider Activity

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on THG shares. Keefe, Bruyette & Woods lowered their price objective 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. JMP Securities upped their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. StockNews.com raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Piper Sandler increased their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $179.25.

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.