Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hanover Insurance Group Inc (NYSE:THG) by 38.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,405 shares of the insurance provider’s stock after purchasing an additional 669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hanover Insurance Group were worth $260,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Hanover Insurance Group by 9.0% in the third quarter. Janus Henderson Group PLC now owns 773,695 shares of the insurance provider’s stock valued at $74,994,000 after purchasing an additional 63,578 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Hanover Insurance Group by 4.1% in the third quarter. Macquarie Group Ltd. now owns 760,095 shares of the insurance provider’s stock valued at $73,676,000 after purchasing an additional 30,153 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Hanover Insurance Group in the third quarter valued at approximately $72,351,000. Boston Partners lifted its holdings in shares of Hanover Insurance Group by 2.8% in the third quarter. Boston Partners now owns 617,944 shares of the insurance provider’s stock valued at $59,898,000 after purchasing an additional 16,663 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Hanover Insurance Group in the third quarter valued at approximately $56,542,000. Institutional investors own 82.89% of the company’s stock.
Separately, Zacks Investment Research upgraded Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th.
In related news, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total transaction of $535,334.80. Following the sale, the insider now directly owns 4,966 shares in the company, valued at $535,334.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.
Shares of Hanover Insurance Group Inc (THG) opened at $111.40 on Tuesday. The company has a market capitalization of $4,734.50, a price-to-earnings ratio of 23.45 and a beta of 1.11. Hanover Insurance Group Inc has a fifty-two week low of $79.23 and a fifty-two week high of $116.32. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.15. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. Hanover Insurance Group’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted ($0.46) earnings per share. analysts anticipate that Hanover Insurance Group Inc will post 8.55 EPS for the current fiscal year.
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Hanover Insurance Group Profile
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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