21,272 The Hanover Insurance Group, Inc. $THG Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management more than doubled its Hanover Insurance stake in the third quarter, purchasing 21,272 additional shares for a total holding of 37,744 shares valued at approximately $8.1 million. Institutional investors collectively own 86.61% of THG.
• Hanover reported quarterly earnings of $5.31 per share, well above the $3.84 analyst consensus, while revenue rose 4.6% year over year to $1.73 billion. The company also pays a $0.95 quarterly dividend, representing a 1.6% yield.
• Analyst sentiment is moderately positive, with THG holding a “Moderate Buy” consensus rating and an average price target of $231.43; targets range from $220 to $240. Shares recently traded near their 52-week high at $237.99.

Robeco Institutional Asset Management B.V. boosted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,744 shares of the insurance provider's stock after buying an additional 21,272 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.11% of The Hanover Insurance Group worth $8,082,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in The Hanover Insurance Group in the second quarter worth about $756,471,000. Dimensional Fund Advisors LP boosted its stake in The Hanover Insurance Group by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 970,177 shares of the insurance provider's stock valued at $168,179,000 after acquiring an additional 136,998 shares during the last quarter. First Trust Advisors LP boosted its stake in The Hanover Insurance Group by 3.2% in the first 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 during the last quarter. Bank of New York Mellon Corp purchased a new position in The Hanover Insurance Group in the second quarter valued at about $69,481,000. Finally, Bank of America Corp DE bought a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at approximately $47,734,000. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $237.99 on Friday. 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 fifty-two week low of $166.54 and a fifty-two week high of $239.91. The stock has a market cap of $8.29 billion, a PE ratio of 11.36 and a beta of 0.23. The stock has a fifty day moving average of $225.03 and a 200-day moving average of $209.43.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $4.35 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 20.25 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a $3.80 annualized dividend and a dividend yield of 1.6%. The Hanover Insurance Group's dividend payout ratio is currently 18.14%.

Insider Activity

In other news, Director Jane Carlin sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the completion of the transaction, the director directly owned 2,270 shares in the company, valued at approximately $525,505. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Kerrigan sold 2,104 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $222.41, for a total transaction of $467,950.64. Following the transaction, the executive vice president directly owned 12,003 shares of the company's stock, valued at approximately $2,669,587.23. This represents a 14.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,655 shares of company stock worth $2,145,846. Company insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on THG shares. Piper Sandler downgraded shares of The Hanover Insurance Group from an "overweight" rating to a "neutral" rating and set a $220.00 target price for the company. in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $222.00 to $232.00 and gave the stock a "market perform" rating in a report on Friday, September 18th. Citizens Jmp upped their price objective on The Hanover Insurance Group from $225.00 to $240.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 29th. Zacks Research raised The Hanover Insurance Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley reduced their price objective on The Hanover Insurance Group from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.43.

The Hanover Insurance Group Profile

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.

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