The Hanover Insurance Group, Inc. (NYSE:THG) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,635,173 shares of the insurance provider's stock after buying an additional 21,221 shares during the quarter. Vanguard Group Inc. owned about 10.12% of The Hanover Insurance Group worth $632,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. acquired a new position in shares of The Hanover Insurance Group in the first quarter valued at about $209,000. Principal Financial Group Inc. raised its stake in shares of The Hanover Insurance Group by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 82,886 shares of the insurance provider's stock worth $14,418,000 after purchasing an additional 252 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of The Hanover Insurance Group by 7.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 112,632 shares of the insurance provider's stock worth $19,592,000 after purchasing an additional 7,661 shares during the period. Bayforest Capital Ltd raised its stake in shares of The Hanover Insurance Group by 881.5% during the 1st quarter. Bayforest Capital Ltd now owns 3,926 shares of the insurance provider's stock worth $683,000 after purchasing an additional 3,526 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in The Hanover Insurance Group by 31.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,351 shares of the insurance provider's stock valued at $1,292,000 after acquiring an additional 1,996 shares during the period. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

NYSE:THG traded down $2.14 during trading hours on Friday, reaching $169.45. 198,635 shares of the company traded hands, compared to its average volume of 266,127. The firm's 50-day moving average is $167.57 and its 200-day moving average is $166.12. The stock has a market cap of $6.06 billion, a P/E ratio of 11.16 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The Hanover Insurance Group, Inc. has a 1-year low of $132.93 and a 1-year high of $178.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping the consensus estimate of $3.07 by $1.28. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $1.88 EPS. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

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 $0.90 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 23.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JMP Securities set a $205.00 price objective 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 research note on Thursday, July 31st. Morgan Stanley increased their price objective on The Hanover Insurance Group from $170.00 to $185.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods upgraded 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 report on Wednesday, July 9th. Finally, Wall Street Zen raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently 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.