American Century Companies Inc. Buys 130,054 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

American Century Companies Inc. increased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 958,858 shares of the insurance provider's stock after purchasing an additional 130,054 shares during the period. American Century Companies Inc. owned approximately 2.66% of The Hanover Insurance Group worth $148,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after buying an additional 3,780 shares in the last quarter. Geode Capital Management LLC raised its stake in The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider's stock worth $97,816,000 after acquiring an additional 16,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of The Hanover Insurance Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock valued at $54,733,000 after acquiring an additional 17,856 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of The Hanover Insurance Group by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider's stock valued at $53,996,000 after purchasing an additional 24,290 shares in the last quarter. Finally, Markel Group Inc. grew its holdings in shares of The Hanover Insurance Group by 5.1% in the 4th quarter. Markel Group Inc. now owns 267,000 shares of the insurance provider's stock worth $41,294,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

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The Hanover Insurance Group Trading Up 0.4 %

NYSE:THG traded up $0.78 during trading hours on Thursday, hitting $174.56. 206,698 shares of the stock were exchanged, compared to its average volume of 184,991. The company's 50 day moving average is $162.82 and its two-hundred day moving average is $156.79. The company has a market capitalization of $6.27 billion, a P/E ratio of 14.93 and a beta of 0.65. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $175.88. 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.90 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.60 annualized dividend and a yield of 2.06%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a report on Monday, February 10th. Morgan Stanley boosted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $175.25.

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.