Wellington Management Group LLP Lowers Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Wellington Management Group LLP cut its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 84.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,774 shares of the insurance provider's stock after selling 303,566 shares during the period. Wellington Management Group LLP owned about 0.15% of The Hanover Insurance Group worth $8,261,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in 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 worth $1,772,000 after purchasing an additional 6,112 shares in the last quarter. Markel Group Inc. raised its stake in shares of The Hanover Insurance Group by 5.8% during the third quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider's stock valued at $37,620,000 after acquiring an additional 14,000 shares during the last quarter. FMR LLC lifted its holdings in shares of The Hanover Insurance Group by 11.5% during the third quarter. FMR LLC now owns 170,615 shares of the insurance provider's stock worth $25,270,000 after purchasing an additional 17,583 shares during the period. HighTower Advisors LLC grew its stake in shares of 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 purchasing an additional 5,194 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in The Hanover Insurance Group by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider's stock valued at $54,733,000 after purchasing an additional 17,856 shares during the period. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Up 0.4 %

Shares of THG stock traded up $0.69 during trading hours on Monday, hitting $154.85. 185,449 shares of the company were exchanged, compared to its average volume of 175,505. The company has a 50 day simple moving average of $156.29 and a two-hundred day simple moving average of $142.55. The firm has a market cap of $5.58 billion, a P/E ratio of 15.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.36 and a fifty-two week high of $166.13.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the company posted $0.19 earnings per share. The business's quarterly revenue was up 3.2% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.90 per share. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, December 13th. The Hanover Insurance Group's dividend payout ratio is 35.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JMP Securities lifted their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Bank of America raised 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 report on Thursday, October 10th. Finally, Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $170.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.29.

Insiders Place Their Bets

In other news, EVP Jeffrey M. Farber sold 300 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 89,733 shares of the company's stock, valued at $13,459,950. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 30,551 shares of company stock worth $4,781,935. Corporate insiders own 2.40% of the company's stock.

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.