Martingale Asset Management L P boosted its position in Hanover Insurance Group Inc (NYSE:THG) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,998 shares of the insurance provider’s stock after acquiring an additional 16,117 shares during the quarter. Martingale Asset Management L P owned 0.71% of Hanover Insurance Group worth $32,641,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in Hanover Insurance Group in the fourth quarter valued at approximately $108,000. Meeder Asset Management Inc. bought a new position in Hanover Insurance Group in the third quarter valued at approximately $180,000. Contravisory Investment Management Inc. bought a new position in Hanover Insurance Group in the fourth quarter valued at approximately $181,000. Rothschild Investment Corp IL bought a new position in Hanover Insurance Group in the fourth quarter valued at approximately $210,000. Finally, MAI Capital Management bought a new position in Hanover Insurance Group in the fourth quarter valued at approximately $213,000. 82.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total value of $535,334.80. Following the transaction, the insider now directly owns 4,966 shares of the company’s stock, valued at $535,334.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.
Hanover Insurance Group Inc (THG) opened at $108.40 on Friday. The stock has a market cap of $4,638.88, a P/E ratio of 22.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.48 and a quick ratio of 0.45. Hanover Insurance Group Inc has a one year low of $79.23 and a one year high of $116.32.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.46) earnings per share. equities analysts anticipate that Hanover Insurance Group Inc will post 8.55 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.
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About Hanover Insurance Group
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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