State Street Corp Has $183.61 Million Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

State Street Corp increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,239,701 shares of the insurance provider's stock after acquiring an additional 3,780 shares during the quarter. State Street Corp owned about 3.44% of The Hanover Insurance Group worth $183,612,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in The Hanover Insurance Group by 14,711.0% during the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock valued at $81,823,000 after purchasing an additional 548,720 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in The Hanover Insurance Group by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock valued at $219,883,000 after buying an additional 143,339 shares during the period. Point72 Asset Management L.P. acquired a new position in The Hanover Insurance Group in the second quarter valued at approximately $14,684,000. AQR Capital Management LLC boosted its stake in The Hanover Insurance Group by 116.7% in the second quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider's stock valued at $14,150,000 after acquiring an additional 61,738 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in The Hanover Insurance Group during the 2nd quarter worth $4,284,000. Institutional investors own 86.61% of the company's stock.

Insider Buying and Selling

In related news, EVP Jeffrey M. Farber sold 1,200 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the transaction, the executive vice president now owns 85,983 shares of the company's stock, valued at approximately $12,906,908.13. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 30,551 shares of company stock worth $4,781,935. 2.40% of the stock is owned by corporate insiders.

The Hanover Insurance Group Stock Down 0.0 %

THG traded down $0.07 during trading on Friday, reaching $154.12. The company had a trading volume of 138,534 shares, compared to its average volume of 175,462. The company has a market cap of $5.55 billion, a P/E ratio of 15.29 and a beta of 0.71. The Hanover Insurance Group, Inc. has a 12 month low of $119.36 and a 12 month high of $166.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The business's fifty day moving average price is $156.09 and its 200 day moving average price is $142.19.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 11.41 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed 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. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, December 13th. The Hanover Insurance Group's dividend payout ratio is currently 33.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target on the stock. in a research report on Thursday, November 21st. JMP Securities boosted their target price 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. Morgan Stanley started coverage on shares of The Hanover Insurance Group in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $170.00 price target on the stock. Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $173.29.

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.