Vanguard Group Inc. Raises Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Vanguard Group Inc. lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,623,766 shares of the insurance provider’s stock after purchasing an additional 13,030 shares during the period. Vanguard Group Inc. owned 0.10% of The Hanover Insurance Group worth $439,998,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of The Hanover Insurance Group by 149.4% during the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider’s stock worth $50,725,000 after purchasing an additional 250,254 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of The Hanover Insurance Group by 46.9% during the 4th quarter. Congress Asset Management Co. MA now owns 29,206 shares of the insurance provider’s stock worth $3,546,000 after purchasing an additional 9,327 shares during the last quarter. Quarry LP purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter worth approximately $34,000. Price T Rowe Associates Inc. MD increased its stake in shares of The Hanover Insurance Group by 75.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after purchasing an additional 414,993 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of The Hanover Insurance Group by 1,294.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 145,089 shares of the insurance provider’s stock worth $17,617,000 after purchasing an additional 134,685 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $122.22 on Thursday. The firm has a fifty day moving average price of $130.02 and a two-hundred day moving average price of $129.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $138.30. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 27.40 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Analysts anticipate that The Hanover Insurance Group, Inc. will post 10.39 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on THG. Piper Sandler reiterated an “overweight” rating and issued a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Finally, Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Insider Transactions at The Hanover Insurance Group

In other news, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jane D. Carlin sold 1,119 shares of The Hanover Insurance Group stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at $597,864.12. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

About The Hanover Insurance Group

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.