The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 349,125 shares of the insurance provider's stock after purchasing an additional 24,290 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.97% of The Hanover Insurance Group worth $53,996,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of THG. Barclays PLC boosted its position in shares of The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after purchasing an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in The Hanover Insurance Group in the fourth quarter worth about $201,000. BNP Paribas Financial Markets grew its stake in shares of The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock worth $1,772,000 after acquiring an additional 6,112 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock valued at $1,702,000 after acquiring an additional 5,194 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of The Hanover Insurance Group by 42.5% in the 4th quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after purchasing an additional 13,750 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

THG has been the subject of a number of research analyst reports. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. BMO Capital Markets increased their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective 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. Finally, Morgan Stanley raised their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of "Hold" and a consensus target price of $175.25.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded down $0.29 on Wednesday, hitting $169.35. The company's stock had a trading volume of 315,792 shares, compared to its average volume of 180,864. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.49 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1 year low of $119.66 and a 1 year high of $173.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a fifty day moving average price of $157.76 and a 200-day moving average price of $153.75.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating 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%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

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.