Robeco Institutional Asset Management B.V. Invests $3.21 Million in The Hanover Insurance Group, Inc. (NYSE:THG)

Robeco Institutional Asset Management B.V. purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,432 shares of the insurance provider's stock, valued at approximately $3,206,000. Robeco Institutional Asset Management B.V. owned about 0.05% of The Hanover Insurance Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in THG. Norges Bank purchased a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at $67,928,000. Vaughan Nelson Investment Management L.P. purchased a new stake in The Hanover Insurance Group during the 1st quarter valued at about $64,340,000. Franklin Resources Inc. increased its holdings in shares of The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after purchasing an additional 270,491 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $21,797,000. Finally, American Century Companies Inc. raised its stake in shares of The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after purchasing an additional 130,054 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler upped their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, JMP Securities lifted their price objective on The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $179.50.

The Hanover Insurance Group Stock Performance

NYSE:THG traded up $2.84 during mid-day trading on Thursday, reaching $164.92. 33,704 shares of the stock were exchanged, compared to its average volume of 215,219. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group, Inc. has a 1 year low of $123.17 and a 1 year high of $178.68. The company has a 50 day simple moving average of $168.75 and a 200-day simple moving average of $163.28. The stock has a market capitalization of $5.92 billion, a P/E ratio of 13.72 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.98% and a return on equity of 18.23%. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the company posted $3.08 EPS. The Hanover Insurance Group's revenue was up 3.4% compared to the same quarter last year. Analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.90 dividend. The ex-dividend date was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 29.98%.

Insider Activity

In other The Hanover Insurance Group news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total value of $1,753,631.60. Following the sale, the executive vice president owned 25,864 shares of the company's stock, valued at $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

About The Hanover Insurance Group

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.