The Hanover Insurance Group, Inc. $THG Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System increased its position in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 20,716.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,034,151 shares of the insurance provider's stock after buying an additional 8,990,752 shares during the quarter. California State Teachers Retirement System owned about 25.95% of The Hanover Insurance Group worth $1,934,392,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in THG. JPL Wealth Management LLC purchased a new stake in The Hanover Insurance Group during the third quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in The Hanover Insurance Group in the 2nd quarter worth about $36,000. McMillan Office Inc. acquired a new position in The Hanover Insurance Group in the fourth quarter worth approximately $31,000. Entrust Financial LLC bought a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $33,000. Finally, Root Financial Partners LLC lifted its position in shares of The Hanover Insurance Group by 69.3% in the first quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider's stock worth $41,000 after buying an additional 97 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Up 0.8%

Shares of The Hanover Insurance Group stock opened at $225.88 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The business has a fifty day simple moving average of $222.65 and a two-hundred day simple moving average of $198.91. The Hanover Insurance Group, Inc. has a 1 year low of $166.54 and a 1 year high of $236.07. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 10.78 and a beta of 0.26.

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 for the quarter, beating the consensus estimate of $3.84 by $1.47. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The company's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.35 earnings per share. Research analysts forecast that The Hanover Insurance Group, Inc. will post 20.17 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. The Hanover Insurance Group's dividend payout ratio is currently 18.14%.

Analyst Upgrades and Downgrades

THG has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $235.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 19th. Royal Bank Of Canada boosted their price target on shares of The Hanover Insurance Group from $215.00 to $235.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Piper Sandler lowered The Hanover Insurance Group from an "overweight" rating to a "neutral" rating and set a $220.00 price objective on the stock. in a research note on Wednesday, July 15th. Zacks Research upgraded shares of The Hanover Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Finally, Oppenheimer lifted their price objective on The Hanover Insurance Group from $205.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $225.71.

Insider Activity

In other The Hanover Insurance Group news, Director Jane D. 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 transaction of $231,500.00. Following the completion of the sale, the director directly owned 2,270 shares in the company, valued at $525,505. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dennis Kerrigan sold 6,551 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $220.79, for a total value of $1,446,395.29. Following the sale, the executive vice president owned 12,003 shares of the company's stock, valued at approximately $2,650,142.37. This represents a 35.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,655 shares of company stock worth $2,145,846. Insiders own 2.80% of the company's stock.

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 offerings are designed for individuals, families, businesses and specialty-market customers, with a focus on helping policyholders manage risks involving property, automobiles, liability and business operations.

The company's personal lines business includes automobile, homeowners, renters, condominium, umbrella and related insurance products.

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