Deutsche Bank AG Grows Stake in The Hanover Insurance Group, Inc. $THG

Key Points

• Deutsche Bank AG increased its stake in The Hanover Insurance Group by 45.1% during the first quarter, owning 13,143 shares valued at approximately $2.29 million.
• The Hanover Insurance Group reported $4.35 EPS for the last quarter, exceeding the consensus estimate of $3.07, with revenues of $1.58 billion, showing a 3.1% year-over-year growth.
• The company announced a quarterly dividend of $0.90 per share, representing an annualized dividend yield of 2.1% with a payout ratio of 23.70%.

Deutsche Bank AG raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,143 shares of the insurance provider's stock after acquiring an additional 4,084 shares during the period. Deutsche Bank AG's holdings in The Hanover Insurance Group were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new position in shares of The Hanover Insurance Group during the first quarter valued at $64,340,000. AQR Capital Management LLC lifted its holdings in shares of The Hanover Insurance Group by 75.7% during the fourth quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider's stock valued at $44,443,000 after purchasing an additional 123,793 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of The Hanover Insurance Group by 1,575.5% during the fourth quarter. Woodline Partners LP now owns 129,848 shares of the insurance provider's stock valued at $20,082,000 after purchasing an additional 122,098 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of The Hanover Insurance Group by 40.7% during the fourth quarter. Northern Trust Corp now owns 383,670 shares of the insurance provider's stock valued at $59,338,000 after purchasing an additional 110,944 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in The Hanover Insurance Group in the fourth quarter valued at about $15,137,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Up 0.7%

NYSE THG opened at $173.8030 on Thursday. The stock's 50-day moving average price is $167.59 and its 200-day moving average price is $166.47. 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 52 week low of $132.93 and a 52 week high of $178.68. The company has a market capitalization of $6.22 billion, a P/E ratio of 11.44 and a beta of 0.45.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data 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 Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company earned $1.88 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.90 per share. The ex-dividend date was Friday, June 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 23.70%.

Analyst Ratings Changes

A number of research analysts have weighed in on THG shares. Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. JMP Securities set a $205.00 target price on The Hanover Insurance Group in a report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Morgan Stanley increased their target price on The Hanover Insurance Group from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods raised The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a report on Wednesday, July 9th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.

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