The Hanover Insurance Group, Inc. $THG Stock: Robeco Institutional Asset Management B.V. Raises Position

Robeco Institutional Asset Management B.V. boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 129.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,744 shares of the insurance provider’s stock after buying an additional 21,272 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in The Hanover Insurance Group were worth $8,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in The Hanover Insurance Group during the second quarter worth about $756,471,000. Dimensional Fund Advisors LP increased its stake in The Hanover Insurance Group by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 970,177 shares of the insurance provider’s stock worth $168,179,000 after acquiring an additional 136,998 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of The Hanover Insurance Group by 3.2% in the 1st quarter. First Trust Advisors LP now owns 827,320 shares of the insurance provider’s stock valued at $143,416,000 after acquiring an additional 25,945 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of The Hanover Insurance Group by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 338,870 shares of the insurance provider’s stock valued at $58,743,000 after acquiring an additional 5,219 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of The Hanover Insurance Group by 10.1% in the 1st quarter. Bank of America Corp DE now owns 251,130 shares of the insurance provider’s stock valued at $43,533,000 after acquiring an additional 22,978 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Dennis Kerrigan sold 6,551 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $220.79, for a total value of $1,446,395.29. Following the completion of the transaction, the executive vice president directly owned 12,003 shares in the company, valued at approximately $2,650,142.37. This represents a 35.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane D. Carlin sold 1,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the transaction, the director owned 2,270 shares in the company, valued at $525,505. This trade represents a 30.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,655 shares of company stock valued at $2,145,846 over the last quarter. Company insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Stock Down 0.7%

Shares of NYSE:THG opened at $237.99 on Friday. The firm has a market capitalization of $8.29 billion, a PE ratio of 11.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. The Hanover Insurance Group, Inc. has a 52-week low of $166.54 and a 52-week high of $239.91. The firm has a fifty day moving average of $225.03 and a 200 day moving average of $209.43.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $1.47. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $4.35 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 20.25 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. The Hanover Insurance Group’s dividend payout ratio is presently 18.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on THG shares. Royal Bank Of Canada lifted their price target on The Hanover Insurance Group from $215.00 to $235.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Piper Sandler cut shares of The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research report on Wednesday, July 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $260.00 target price on shares of The Hanover Insurance Group in a research note on Tuesday, October 13th. Morgan Stanley lowered their target price on shares of The Hanover Insurance Group from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.43.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its principal operating subsidiary is The Hanover Insurance Company, which traces its roots to 1852 and is headquartered in Worcester, Massachusetts.

The company offers personal insurance products such as automobile, homeowners, condominium, renters and umbrella coverage. Its commercial insurance business serves small and midsize businesses with products that include commercial property, general liability, commercial automobile, workers’ compensation and other specialized coverages.

The Hanover also provides specialty insurance solutions for select industries and risks, including professional liability, management liability, marine and other niche commercial exposures.