Sei Investments Co. Has $18.66 Million Stock Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Sei Investments Co. raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,739 shares of the insurance provider’s stock after purchasing an additional 10,401 shares during the period. Sei Investments Co.’s holdings in The Hanover Insurance Group were worth $18,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group during the 1st quarter worth $31,000. Quarry LP acquired a new position in The Hanover Insurance Group during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group in the second quarter worth about $42,000. GHP Investment Advisors Inc. boosted its stake in shares of The Hanover Insurance Group by 64.9% in the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 168 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at approximately $65,000. 86.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the transaction, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at $416,547.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The disclosure for this sale can be found here. Insiders have sold 12,352 shares of company stock valued at $1,766,623 in the last ninety days. 2.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on THG. Bank of America cut their price objective on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. JMP Securities boosted their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Piper Sandler raised their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.80.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $147.30 on Thursday. The stock’s 50 day moving average is $139.48 and its 200 day moving average is $133.00. The Hanover Insurance Group, Inc. has a one year low of $108.03 and a one year high of $150.95. The firm has a market cap of $5.29 billion, a P/E ratio of 33.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned ($1.91) EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

The Hanover Insurance Group Company 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.