Oregon Public Employees Retirement Fund Acquires 116 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Oregon Public Employees Retirement Fund increased its position in The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,384 shares of the insurance provider’s stock after purchasing an additional 116 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in The Hanover Insurance Group were worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in The Hanover Insurance Group by 1.6% in the first quarter. BlackRock Inc. now owns 3,235,297 shares of the insurance provider’s stock worth $483,743,000 after purchasing an additional 50,073 shares during the period. State Street Corp increased its position in The Hanover Insurance Group by 4.9% in the first quarter. State Street Corp now owns 1,096,740 shares of the insurance provider’s stock worth $163,985,000 after purchasing an additional 51,132 shares during the period. Massachusetts Financial Services Co. MA increased its position in The Hanover Insurance Group by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,066,220 shares of the insurance provider’s stock worth $155,934,000 after purchasing an additional 29,441 shares during the period. Macquarie Group Ltd. increased its position in The Hanover Insurance Group by 0.6% in the second quarter. Macquarie Group Ltd. now owns 906,564 shares of the insurance provider’s stock worth $132,585,000 after purchasing an additional 4,969 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in The Hanover Insurance Group by 7.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 819,611 shares of the insurance provider’s stock worth $105,024,000 after purchasing an additional 58,625 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on THG. BMO Capital Markets assumed coverage on The Hanover Insurance Group in a research report on Thursday. They issued a “market perform” rating and a $141.00 price objective for the company. StockNews.com lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Piper Sandler boosted their target price on The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Janney Montgomery Scott assumed coverage on The Hanover Insurance Group in a research report on Friday, November 11th. They set a “buy” rating and a $164.00 target price for the company. Finally, Morgan Stanley boosted their target price on The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $151.50.

The Hanover Insurance Group Price Performance

Shares of THG opened at $129.53 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50 day simple moving average of $138.66 and a 200 day simple moving average of $136.84. The Hanover Insurance Group, Inc. has a 52-week low of $123.36 and a 52-week high of $155.55. The firm has a market capitalization of $4.61 billion, a PE ratio of 16.05, a P/E/G ratio of 0.81 and a beta of 0.72.

The Hanover Insurance Group (NYSE:THGGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The Hanover Insurance Group had a return on equity of 13.26% and a net margin of 5.42%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts predict that The Hanover Insurance Group, Inc. will post 8.63 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.81 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a dividend yield of 2.50%. The Hanover Insurance Group’s payout ratio is currently 40.15%.

Insider Activity at The Hanover Insurance Group

In related news, EVP Mark Joseph Welzenbach sold 2,673 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following the completion of the transaction, the executive vice president now directly owns 19,846 shares in the company, valued at approximately $2,822,299.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

About The Hanover Insurance Group

(Get Rating)

The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.

Recommended Stories

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THGGet Rating).

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.