Boston Partners Sells 3,501 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Partners trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,005 shares of the insurance provider's stock after selling 3,501 shares during the period. Boston Partners' holdings in The Hanover Insurance Group were worth $2,166,000 at the end of the most recent quarter.

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

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The Hanover Insurance Group Trading Up 0.6 %

Shares of NYSE:THG traded up $1.06 during trading on Wednesday, reaching $173.72. 180,514 shares of the company were exchanged, compared to its average volume of 238,332. The business's fifty day simple moving average is $162.48 and its 200-day simple moving average is $156.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 12-month low of $119.66 and a 12-month high of $175.88. The firm has a market capitalization of $6.24 billion, a PE ratio of 14.86 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate 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, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

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 paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

Wall Street Analysts Forecast Growth

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

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.