The Hanover Insurance Group, Inc. (NYSE:THG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,455 shares of the insurance provider’s stock after selling 4,000 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of The Hanover Insurance Group worth $2,854,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in The Hanover Insurance Group by 0.3% during the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock valued at $183,612,000 after purchasing an additional 3,780 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after acquiring an additional 16,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of The Hanover Insurance Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock worth $54,733,000 after acquiring an additional 17,856 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of The Hanover Insurance Group by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 349,125 shares of the insurance provider’s stock worth $53,996,000 after acquiring an additional 24,290 shares in the last quarter. Finally, Markel Group Inc. boosted its holdings in The Hanover Insurance Group by 5.1% in the fourth quarter. Markel Group Inc. now owns 267,000 shares of the insurance provider’s stock valued at $41,294,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $174.56 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $163.14 and a 200 day simple moving average of $156.91. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $175.88. The company has a market cap of $6.27 billion, a PE ratio of 14.93 and a beta of 0.65.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.90 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.06%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on THG shares. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets increased their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.25.

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.