The Hanover Insurance Group, Inc. $THG Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,284 shares of the insurance provider’s stock after acquiring an additional 1,041 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in The Hanover Insurance Group were worth $1,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. purchased a new position in The Hanover Insurance Group during the 1st quarter worth $209,000. Principal Financial Group Inc. boosted its stake in shares of The Hanover Insurance Group by 0.3% during the first quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider’s stock worth $14,418,000 after buying an additional 252 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of The Hanover Insurance Group by 7.3% during the first quarter. Envestnet Asset Management Inc. now owns 112,632 shares of the insurance provider’s stock worth $19,592,000 after buying an additional 7,661 shares during the last quarter. Bayforest Capital Ltd increased its position in The Hanover Insurance Group by 881.5% in the 1st quarter. Bayforest Capital Ltd now owns 3,926 shares of the insurance provider’s stock valued at $683,000 after acquiring an additional 3,526 shares during the period. Finally, Wealthquest Corp acquired a new position in The Hanover Insurance Group in the 1st quarter valued at about $869,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the topic of several analyst reports. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, October 8th. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 9th. Finally, Morgan Stanley lifted their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $171.01 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 0.37. The Hanover Insurance Group, Inc. has a one year low of $145.17 and a one year high of $186.46. The firm has a market capitalization of $6.12 billion, a P/E ratio of 11.26 and a beta of 0.44. The company’s fifty day moving average is $176.18 and its two-hundred day moving average is $169.71.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, beating the consensus estimate of $3.07 by $1.28. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. Analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.90 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio is currently 23.70%.

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.