Teacher Retirement System of Texas Acquires 1,992 Shares of The Hanover Insurance Group, Inc. $THG

Teacher Retirement System of Texas boosted its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,827 shares of the insurance provider’s stock after acquiring an additional 1,992 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of The Hanover Insurance Group worth $8,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in The Hanover Insurance Group by 2.8% in the 2nd quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock worth $383,000 after buying an additional 62 shares during the last quarter. HM Payson & Co. raised its position in The Hanover Insurance Group by 6.7% in the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider’s stock worth $185,000 after buying an additional 67 shares during the last quarter. Evergreen Capital Management LLC raised its position in The Hanover Insurance Group by 3.8% in the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock worth $315,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. raised its position in The Hanover Insurance Group by 20.3% in the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after buying an additional 79 shares during the last quarter. Finally, Somerset Trust Co raised its position in The Hanover Insurance Group by 7.1% in the 2nd quarter. Somerset Trust Co now owns 1,265 shares of the insurance provider’s stock worth $215,000 after buying an additional 84 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Down 0.6%

Shares of The Hanover Insurance Group stock opened at $167.92 on Thursday. The company has a market capitalization of $6.01 billion, a P/E ratio of 11.05 and a beta of 0.44. 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 company has a fifty day moving average of $176.47 and a 200 day moving average of $170.69. The Hanover Insurance Group, Inc. has a fifty-two week low of $145.17 and a fifty-two week high of $186.46.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $1.49. The Hanover Insurance Group had a return on equity of 20.24% and a net margin of 8.67%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $3.05 earnings per share. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio is 23.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on THG. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of 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 research note on Wednesday, July 9th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $188.00.

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.