Boston Partners Acquires 20,432 Shares of The Hanover Insurance Group, Inc. $THG

Boston Partners increased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 141.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 34,882 shares of the insurance provider’s stock after acquiring an additional 20,432 shares during the period. Boston Partners owned about 0.10% of The Hanover Insurance Group worth $5,925,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truist Financial Corp lifted its position in shares of The Hanover Insurance Group by 2.8% during the second quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 62 shares during the last quarter. Evergreen Capital Management LLC increased its stake in The Hanover Insurance Group by 3.8% in the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock worth $315,000 after buying an additional 67 shares during the period. UMB Bank n.a. lifted its holdings in The Hanover Insurance Group by 20.3% during the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock valued at $79,000 after buying an additional 79 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in The Hanover Insurance Group by 56.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after buying an additional 81 shares in the last quarter. Finally, Somerset Trust Co boosted its position in The Hanover Insurance Group by 7.1% in the 2nd quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock valued at $215,000 after buying an additional 84 shares during the period. Institutional investors own 86.61% of the company’s stock.

Insider Activity

In other news, EVP Denise Lowsley sold 1,619 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total transaction of $293,799.93. Following the transaction, the executive vice president directly owned 3,511 shares of the company’s stock, valued at approximately $637,141.17. This represents a 31.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Royal Bank Of Canada began coverage on The Hanover Insurance Group in a report on Monday. They issued a “sector perform” rating and a $200.00 target price for the company. Finally, Morgan Stanley raised their price target on The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $195.83.

The Hanover Insurance Group Price Performance

THG opened at $185.55 on Friday. The firm has a market capitalization of $6.60 billion, a PE ratio of 10.73 and a beta of 0.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50-day moving average is $178.04 and its two-hundred day moving average is $173.04. The Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $187.40.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, beating the consensus estimate of $3.79 by $1.30. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm posted $3.05 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s payout ratio is currently 20.82%.

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.