Acadian Asset Management LLC Has $11.70 Million Holdings in The Hanover Insurance Group, Inc. $THG

Key Points

• Acadian Asset Management LLC increased its holdings in The Hanover Insurance Group by 149.0%, raising its stake to $11.70 million during the first quarter.
• The Hanover Insurance Group's stock has a market cap of $6.53 billion and reported an earnings per share (EPS) of $4.35 for the last quarter, significantly exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.90 per share, which represents an annualized yield of 2.0%.

Acadian Asset Management LLC increased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 149.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,255 shares of the insurance provider's stock after buying an additional 40,245 shares during the period. Acadian Asset Management LLC owned 0.19% of The Hanover Insurance Group worth $11,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in The Hanover Insurance Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider's stock worth $632,338,000 after buying an additional 21,221 shares during the last quarter. Alliancebernstein L.P. boosted its position in The Hanover Insurance Group by 9.3% during the first quarter. Alliancebernstein L.P. now owns 940,522 shares of the insurance provider's stock worth $163,604,000 after purchasing an additional 80,262 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in The Hanover Insurance Group by 45.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider's stock worth $157,905,000 after purchasing an additional 282,233 shares during the period. AQR Capital Management LLC boosted its position in The Hanover Insurance Group by 59.3% during the first quarter. AQR Capital Management LLC now owns 457,809 shares of the insurance provider's stock worth $79,032,000 after purchasing an additional 170,453 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in The Hanover Insurance Group by 5.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 389,634 shares of the insurance provider's stock worth $67,777,000 after purchasing an additional 21,588 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Up 2.5%

THG stock opened at $182.53 on Friday. The company has a market cap of $6.53 billion, a PE ratio of 12.02 and a beta of 0.46. The business has a 50-day simple moving average of $170.31 and a 200 day simple moving average of $168.24. The Hanover Insurance Group, Inc. has a 52 week low of $142.48 and a 52 week high of $182.64. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, topping the consensus estimate of $3.07 by $1.28. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. The Hanover Insurance Group's payout ratio is presently 23.70%.

Analysts Set New Price Targets

THG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price for the company in a research report on Wednesday, July 9th. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Finally, Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $185.13.

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.

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