Alaska Permanent Fund Corp Sells 14,394 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Alaska Permanent Fund Corp cut its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,604 shares of the insurance provider’s stock after selling 14,394 shares during the quarter. Alaska Permanent Fund Corp’s holdings in The Hanover Insurance Group were worth $2,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 84 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 352 shares during the last quarter. Assetmark Inc. boosted its stake in The Hanover Insurance Group by 13.8% in the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC boosted its stake in The Hanover Insurance Group by 37.9% in the third quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 292 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $197,000. 86.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Hanover Insurance Group 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 in the company, valued at $473,677.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THG. StockNews.com raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Piper Sandler reissued an “overweight” rating and set a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Oppenheimer reissued an “outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Finally, TheStreet raised shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.83.

The Hanover Insurance Group Trading Down 1.1 %

THG opened at $131.17 on Friday. The stock has a market capitalization of $4.71 billion, a P/E ratio of 139.54 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 12 month low of $103.82 and a 12 month high of $138.00. The firm’s fifty day simple moving average is $131.20 and its 200 day simple moving average is $125.67. 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 (NYSE:THG) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.03 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.59%. The Hanover Insurance Group’s dividend payout ratio (DPR) 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.