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

Robeco Institutional Asset Management B.V. acquired a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,432 shares of the insurance provider’s stock, valued at approximately $3,206,000.

Several other large investors also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its position in shares of The Hanover Insurance Group by 0.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock worth $1,092,000 after acquiring an additional 65 shares in the last quarter. AMG National Trust Bank grew its position in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after purchasing an additional 71 shares in the last quarter. Ironwood Investment Management LLC grew its position in The Hanover Insurance Group by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after purchasing an additional 85 shares in the last quarter. Truist Financial Corp grew its position in The Hanover Insurance Group by 4.7% in the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock valued at $313,000 after purchasing an additional 90 shares in the last quarter. Finally, Arizona State Retirement System grew its position in The Hanover Insurance Group by 0.9% in the fourth quarter. Arizona State Retirement System now owns 10,443 shares of the insurance provider’s stock valued at $1,615,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on THG shares. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Wall Street Zen raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. JMP Securities raised their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a “market outperform” rating in a research report on Thursday, May 1st. Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a “market perform” rating in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $179.50.

The Hanover Insurance Group Stock Performance

Shares of THG opened at $167.73 on Wednesday. The firm has a 50-day moving average of $168.78 and a 200-day moving average of $163.29. The Hanover Insurance Group, Inc. has a one year low of $123.17 and a one year high of $178.68. The company has a market cap of $6.02 billion, a PE ratio of 13.97 and a beta of 0.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $3.08 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 29.98%.

Insider Activity at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the sale, the executive vice president owned 25,864 shares of the company’s stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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.