The Hanover Insurance Group, Inc. (NYSE:THG) Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,455 shares of the insurance provider's stock after selling 4,000 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of The Hanover Insurance Group worth $2,854,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of THG. Charles Schwab Investment Management Inc. boosted 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 worth $54,733,000 after purchasing an additional 17,856 shares during the period. Cerity Partners LLC boosted its position in shares of The Hanover Insurance Group by 23.7% in the third quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider's stock worth $832,000 after buying an additional 1,078 shares during the period. Algert Global LLC grew its stake in shares of The Hanover Insurance Group by 19.5% in the third quarter. Algert Global LLC now owns 10,839 shares of the insurance provider's stock valued at $1,605,000 after buying an additional 1,770 shares in the last quarter. FMR LLC raised its holdings in shares of The Hanover Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider's stock valued at $25,270,000 after buying an additional 17,583 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in The Hanover Insurance Group by 104.4% during the 3rd 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 in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on THG. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. 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 research report on Monday, February 10th. Finally, BMO Capital Markets lifted their target price 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $175.25.

The Hanover Insurance Group Stock Up 0.9 %

NYSE THG traded up $1.49 on Monday, hitting $174.12. 243,691 shares of the stock traded hands, compared to its average volume of 192,487. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $163.82 and a 200 day moving average of $157.46. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.00. The company has a market capitalization of $6.26 billion, a P/E ratio of 14.90 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.07%. The Hanover Insurance Group's dividend payout ratio is currently 30.80%.

Insider Buying and Selling

In other The Hanover Insurance Group news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now owns 124,278 shares of the company's stock, valued at $21,749,892.78. The trade was a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

About The Hanover Insurance Group

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.