Olympiad Research LP Trims Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Olympiad Research LP lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 40.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,543 shares of the insurance provider’s stock after selling 1,048 shares during the quarter. Olympiad Research LP’s holdings in The Hanover Insurance Group were worth $239,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in The Hanover Insurance Group during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group during the 3rd quarter worth about $30,000. Venturi Wealth Management LLC grew its holdings in The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 236 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in The Hanover Insurance Group by 226.0% during the 4th quarter. GAMMA Investing LLC now owns 339 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $156.84 on Monday. The firm has a market capitalization of $5.65 billion, a P/E ratio of 13.42 and a beta of 0.72. 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 company has a 50 day moving average price of $156.01 and a 200 day moving average price of $152.13. The Hanover Insurance Group, Inc. has a 52 week low of $119.66 and a 52 week high of $166.98.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.30%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on THG shares. JMP Securities raised their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target on the stock. in a report on Thursday, November 21st. BMO Capital Markets raised their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $175.25.

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.