Charles Schwab Investment Management Inc. Grows Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Charles Schwab Investment Management Inc. increased its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,545 shares of the insurance provider's stock after buying an additional 17,856 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of The Hanover Insurance Group worth $54,733,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of THG. Lecap Asset Management Ltd. raised its holdings in The Hanover Insurance Group by 2.0% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider's stock valued at $622,000 after acquiring an additional 84 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider's stock worth $2,176,000 after buying an additional 91 shares in the last quarter. Signaturefd LLC grew its position in The Hanover Insurance Group by 8.7% during the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider's stock valued at $168,000 after acquiring an additional 107 shares during the last quarter. UMB Bank n.a. raised its stake in shares of The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock worth $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of The Hanover Insurance Group by 20.7% in the 2nd quarter. Blue Trust Inc. now owns 753 shares of the insurance provider's stock valued at $103,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

THG stock traded up $0.74 during midday trading on Friday, hitting $165.01. The company's stock had a trading volume of 124,510 shares, compared to its average volume of 183,121. 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 12 month low of $119.36 and a 12 month high of $166.13. The company has a 50 day moving average of $153.76 and a two-hundred day moving average of $140.51. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 16.37 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion during 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 Hanover Insurance Group's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. On average, analysts expect that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. The Hanover Insurance Group's dividend payout ratio is currently 33.73%.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the completion of the transaction, the executive vice president now owns 89,733 shares in the company, valued at $13,459,950. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 30,551 shares of company stock valued at $4,781,935. Insiders own 2.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on THG. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a research note on Thursday, November 21st. Piper Sandler boosted their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Oppenheimer raised their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Bank of America upped their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, JMP Securities raised their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.83.

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.