Charles Schwab Investment Management Inc. Purchases 21,588 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Charles Schwab Investment Management Inc. grew its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,634 shares of the insurance provider's stock after acquiring an additional 21,588 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of The Hanover Insurance Group worth $67,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Clearstead Trust LLC bought a new stake in shares of The Hanover Insurance Group during the 1st quarter worth about $27,000. True Wealth Design LLC boosted its holdings in shares of The Hanover Insurance Group by 81.7% during the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after buying an additional 138 shares during the period. Versant Capital Management Inc boosted its holdings in shares of The Hanover Insurance Group by 331.4% during the 1st quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after buying an additional 232 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of The Hanover Insurance Group during the 1st quarter worth about $53,000. Finally, GAMMA Investing LLC boosted its holdings in shares of The Hanover Insurance Group by 47.2% during the 1st quarter. GAMMA Investing LLC now owns 499 shares of the insurance provider's stock worth $87,000 after buying an additional 160 shares during the period. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG traded down $2.14 during midday trading on Friday, hitting $169.45. The stock had a trading volume of 198,635 shares, compared to its average volume of 266,127. The company's 50-day moving average price is $167.57 and its 200-day moving average price is $166.19. The company has a market capitalization of $6.06 billion, a P/E ratio of 11.16 and a beta of 0.45. 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, Inc. has a fifty-two week low of $132.93 and a fifty-two week high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.07 by $1.28. The business 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 firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. As a group, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group's payout ratio is presently 23.70%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on THG. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. 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 note on Wednesday, July 9th. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Citigroup reiterated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.13.

The Hanover Insurance Group 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.