Fmr LLC Purchases 17,583 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

FMR LLC boosted its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,615 shares of the insurance provider's stock after purchasing an additional 17,583 shares during the period. FMR LLC owned about 0.47% of The Hanover Insurance Group worth $25,270,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Markel Group Inc. increased its stake in shares of The Hanover Insurance Group by 5.8% in the third quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider's stock valued at $37,620,000 after buying an additional 14,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in The Hanover Insurance Group by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock valued at $54,733,000 after purchasing an additional 17,856 shares during the period. Foundations Investment Advisors LLC bought a new position in The Hanover Insurance Group during the 2nd quarter worth approximately $681,000. Intech Investment Management LLC bought a new position in The Hanover Insurance Group during the 2nd quarter worth approximately $431,000. Finally, Bank of Montreal Can lifted its position in shares of The Hanover Insurance Group by 48.0% in the 2nd quarter. Bank of Montreal Can now owns 11,843 shares of the insurance provider's stock worth $1,488,000 after purchasing an additional 3,840 shares during the period. 86.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THG. Bank of America increased their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. JMP Securities lifted their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Piper Sandler boosted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Janney Montgomery Scott cut The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price for the company. in a research note on Thursday, November 21st. Finally, Morgan Stanley began coverage on The Hanover Insurance Group in a report on Thursday, December 5th. They issued an "equal weight" rating and a $170.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $173.29.

The Hanover Insurance Group Stock Down 2.3 %

NYSE:THG traded down $3.66 on Tuesday, hitting $155.06. The stock had a trading volume of 323,405 shares, compared to its average volume of 175,674. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The Hanover Insurance Group, Inc. has a 52 week low of $119.36 and a 52 week high of $166.13. The business's fifty day moving average is $155.63 and its 200 day moving average is $141.85. The company has a market cap of $5.59 billion, a PE ratio of 15.38 and a beta of 0.71.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The Hanover Insurance Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post 11.41 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, December 13th. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a dividend yield of 2.32%. The Hanover Insurance Group's payout ratio is presently 35.71%.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of The Hanover Insurance Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. The trade was a 10.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 30,551 shares of company stock worth $4,781,935 in the last quarter. Insiders own 2.50% of the company's stock.

The Hanover Insurance Group 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.