Dimensional Fund Advisors LP Has $121.28 Million Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

Dimensional Fund Advisors LP lessened its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 784,202 shares of the insurance provider's stock after selling 9,681 shares during the period. Dimensional Fund Advisors LP owned approximately 2.18% of The Hanover Insurance Group worth $121,283,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in The Hanover Insurance Group by 61.5% in the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after acquiring an additional 10,341 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter worth approximately $201,000. Congress Asset Management Co. lifted its stake in The Hanover Insurance Group by 42.5% during the fourth quarter. Congress Asset Management Co. now owns 46,091 shares of the insurance provider's stock valued at $7,128,000 after purchasing an additional 13,750 shares during the last quarter. Oak Thistle LLC bought a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $1,046,000. Finally, Hodges Capital Management Inc. grew its position in The Hanover Insurance Group by 48.8% in the fourth quarter. Hodges Capital Management Inc. now owns 76,503 shares of the insurance provider's stock worth $11,832,000 after buying an additional 25,089 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on THG. Keefe, Bruyette & Woods reduced their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley lifted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $178.00.

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company's stock.

The Hanover Insurance Group Stock Down 0.2 %

THG traded down $0.32 on Wednesday, reaching $165.67. 388,594 shares of the company traded hands, compared to its average volume of 204,827. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 14.17 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The stock's 50 day moving average price is $164.97 and its 200-day moving average price is $159.46. The Hanover Insurance Group, Inc. has a 52-week low of $119.66 and a 52-week high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.03). The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. On average, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) 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.