Vanguard Personalized Indexing Management LLC Raises Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Vanguard Personalized Indexing Management LLC boosted its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 12.0% in the fourth quarter, Holdings Channel reports. The fund owned 4,412 shares of the insurance provider’s stock after buying an additional 472 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in The Hanover Insurance Group were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THG. UMB Bank n.a. grew its position in shares of The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after buying an additional 84 shares during the last quarter. Baystate Wealth Management LLC grew its stake in shares of The Hanover Insurance Group by 4,400.0% in the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 352 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at $91,000. Signaturefd LLC grew its position in The Hanover Insurance Group by 37.9% during the 3rd quarter. Signaturefd LLC now owns 1,062 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 292 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter worth approximately $197,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on THG shares. Piper Sandler reissued an “overweight” rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research note on Monday, April 1st. TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Oppenheimer boosted their target price on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.00.

The Hanover Insurance Group Trading Down 0.6 %

THG stock opened at $132.39 on Friday. The business’s 50 day moving average is $131.99 and its 200-day moving average is $128.28. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The firm has a market cap of $4.76 billion, a P/E ratio of 29.68 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.47. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post 10.67 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

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.