The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,613,952 shares of the insurance provider's stock after purchasing an additional 23,565 shares during the period. Vanguard Group Inc. owned approximately 10.03% of The Hanover Insurance Group worth $558,934,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Cerity Partners LLC raised its position in The Hanover Insurance Group by 23.7% during the 3rd 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 last quarter. FMR LLC raised its position in The Hanover Insurance Group by 11.5% in the third quarter. FMR LLC now owns 170,615 shares of the insurance provider's stock worth $25,270,000 after acquiring an additional 17,583 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in The Hanover Insurance Group by 104.4% in the third 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 period. Martingale Asset Management L P boosted its position in shares of The Hanover Insurance Group by 11.0% during the 3rd quarter. Martingale Asset Management L P now owns 1,802 shares of the insurance provider's stock worth $267,000 after purchasing an additional 178 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of The Hanover Insurance Group by 4.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock worth $270,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 86.61% of the company's stock.

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Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the transaction, the chief executive officer now owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on THG shares. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Morgan Stanley increased their target price on 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. Piper Sandler boosted their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, BMO Capital Markets upped their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group has an average rating of "Hold" and an average price target of $179.00.

The Hanover Insurance Group Trading Down 1.4 %

Shares of THG stock traded down $2.50 on Thursday, reaching $172.64. 291,565 shares of the stock were exchanged, compared to its average volume of 193,601. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6.20 billion, a P/E ratio of 14.77 and a beta of 0.65. The firm has a 50 day moving average of $164.56 and a two-hundred day moving average of $157.78. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating 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 announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is presently 30.80%.

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.