Brown Advisory Inc. Has $43.91 Million Holdings in The Hanover Insurance Group, Inc. $THG

Brown Advisory Inc. trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,461 shares of the insurance provider’s stock after selling 17,168 shares during the quarter. Brown Advisory Inc. owned 0.72% of The Hanover Insurance Group worth $43,905,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of THG. Norges Bank bought a new stake in The Hanover Insurance Group during the 2nd quarter valued at $77,169,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of The Hanover Insurance Group by 45.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider’s stock valued at $157,905,000 after buying an additional 282,233 shares in the last quarter. Woodline Partners LP grew its holdings in shares of The Hanover Insurance Group by 166.7% during the first quarter. Woodline Partners LP now owns 346,275 shares of the insurance provider’s stock valued at $60,235,000 after buying an additional 216,427 shares during the last quarter. AQR Capital Management LLC increased its position in shares of The Hanover Insurance Group by 59.3% during the first quarter. AQR Capital Management LLC now owns 457,809 shares of the insurance provider’s stock worth $79,032,000 after acquiring an additional 170,453 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of The Hanover Insurance Group by 25.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 464,660 shares of the insurance provider’s stock worth $78,932,000 after acquiring an additional 94,780 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on THG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada initiated coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.83.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Denise Lowsley sold 1,619 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $181.47, for a total transaction of $293,799.93. Following the sale, the executive vice president owned 3,511 shares of the company’s stock, valued at $637,141.17. The trade was a 31.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Trading Down 0.4%

NYSE THG opened at $177.70 on Friday. The business’s fifty day moving average is $178.54 and its 200-day moving average is $173.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 10.28 and a beta of 0.33. The Hanover Insurance Group, Inc. has a one year low of $145.17 and a one year high of $188.18.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.30. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 21.73%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.05 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be paid a $0.95 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.80 dividend on an annualized basis and a yield of 2.1%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 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.