Vanguard Trims Hanover Insurance Stake to 16.2%

TL;DR

**Vanguard cut its stake in Hanover Insurance to 16.2%, a small but notable trim.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating a change in its ownership of Hanover Insurance Group Inc/The (ticker: THG). As of December 29, 2023, Vanguard reported beneficial ownership of 5,882,641 shares of common stock, representing 16.2% of the company. This is a decrease from their previous filing, where they held 6,009,879 shares (16.5%). This matters to investors because Vanguard is a significant institutional holder, and a slight reduction in their stake could signal a minor shift in their investment strategy or outlook for Hanover Insurance.

Why It Matters

A slight reduction in Vanguard's stake in Hanover Insurance Group could suggest a minor re-evaluation of the stock by a major institutional investor, potentially influencing other investors' perceptions.

Risk Assessment

Risk Level: low — The change in ownership is minor, and Vanguard remains a significant shareholder, indicating no immediate major red flags.

Analyst Insight

Investors should note that a major institutional holder like Vanguard has slightly reduced its position, but the change is not substantial enough to warrant immediate alarm. It might be prudent to monitor future filings from Vanguard and other large institutions for Hanover Insurance to identify any emerging trends.

Key Numbers

• 5,882,641 — Shares Beneficially Owned (Vanguard's total shares in Hanover Insurance as of December 29, 2023)
• 16.2% — Percentage of Class (Vanguard's ownership percentage of Hanover Insurance common stock)
• 12 — Amendment Number (This is the 12th amendment to Vanguard's Schedule 13G for Hanover Insurance)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Hanover Insurance Group Inc/The (company) — subject company whose shares are being reported
• 5,882,641 (dollar_amount) — number of shares beneficially owned by Vanguard as of December 29, 2023
• 16.2% (dollar_amount) — percentage of common stock beneficially owned by Vanguard as of December 29, 2023
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will maintain a significant, albeit slightly reduced, stake in Hanover Insurance Group over the next year. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv01072-hanoverinsurancegrou.htm (SC 13G/A) — 11KB
• 0001104659-24-021074.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Hanover Insurance Group Inc/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 440 Lincoln Street Worcester, MA 01653-0002

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 410867105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR