Vident Investment Advisory LLC raised its position in Hanover Insurance Group Inc (NYSE:THG) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,683 shares of the insurance provider’s stock after acquiring an additional 2,142 shares during the quarter. Vident Investment Advisory LLC owned 0.07% of Hanover Insurance Group worth $3,316,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of THG. Tower Research Capital LLC TRC acquired a new stake in Hanover Insurance Group in the fourth quarter valued at approximately $108,000. Contravisory Investment Management Inc. acquired a new stake in Hanover Insurance Group in the fourth quarter valued at approximately $181,000. Rothschild Investment Corp IL acquired a new stake in Hanover Insurance Group in the fourth quarter valued at approximately $210,000. MAI Capital Management purchased a new position in shares of Hanover Insurance Group during the 4th quarter valued at approximately $213,000. Finally, Charter Trust Co. purchased a new position in shares of Hanover Insurance Group during the 4th quarter valued at approximately $216,000. 85.96% of the stock is owned by institutional investors.
Separately, Zacks Investment Research cut Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th.
Hanover Insurance Group Inc (NYSE:THG) opened at $118.31 on Friday. The company has a market capitalization of $5,027.70, a P/E ratio of 24.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.47. Hanover Insurance Group Inc has a one year low of $79.23 and a one year high of $119.22.
Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.15. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.46) EPS. sell-side analysts anticipate that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, March 8th. Hanover Insurance Group’s dividend payout ratio (DPR) is currently 49.77%.
In other news, SVP Warren E. Barnes sold 1,547 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $110.60, for a total transaction of $171,098.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Warren E. Barnes sold 1,513 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $108.46, for a total value of $164,099.98. Following the transaction, the senior vice president now owns 6,333 shares of the company’s stock, valued at $686,877.18. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
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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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