Vaughan Nelson Investment Management L.P. Raises Stock Holdings in The Hanover Insurance Group, Inc. $THG

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in The Hanover Insurance Group by 25.6% during the second quarter, owning approximately 1.29% of the company after acquiring an additional 94,780 shares.
• The Hanover Insurance Group reported an EPS of $4.35 for its last quarterly earnings, significantly exceeding the consensus estimate of $3.07.
• Wall Street analysts have a consensus rating of "Moderate Buy" for The Hanover Insurance Group, with a target price averaging $185.13.

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 25.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 464,660 shares of the insurance provider's stock after purchasing an additional 94,780 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.29% of The Hanover Insurance Group worth $78,932,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Truist Financial Corp boosted its position in The Hanover Insurance Group by 2.8% during the second quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider's stock worth $383,000 after purchasing an additional 62 shares in the last quarter. HM Payson & Co. boosted its position in The Hanover Insurance Group by 6.7% during the first quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock worth $185,000 after purchasing an additional 67 shares in the last quarter. Evergreen Capital Management LLC boosted its position in The Hanover Insurance Group by 3.8% during the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider's stock worth $315,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. boosted its position in The Hanover Insurance Group by 20.3% during the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider's stock worth $79,000 after purchasing an additional 79 shares in the last quarter. Finally, Somerset Trust Co boosted its position in The Hanover Insurance Group by 7.1% during the second quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider's stock worth $215,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $184.03 on Friday. The Hanover Insurance Group, Inc. has a one year low of $142.48 and a one year high of $184.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $6.58 billion, a PE ratio of 12.12 and a beta of 0.44. The stock has a 50 day moving average price of $174.56 and a 200 day moving average price of $169.42.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 23.70%.

Wall Street Analysts Forecast Growth

THG has been the subject of a number of research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of The Hanover Insurance Group in a report on Saturday, September 27th. 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 for the company in a report on Wednesday, July 9th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, The Hanover Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $185.13.

The Hanover Insurance Group Company 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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