Alliancebernstein L.P. grew its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,881 shares of the insurance provider’s stock after buying an additional 3,782 shares during the period. Alliancebernstein L.P. owned about 0.86% of Hanover Insurance Group worth $39,652,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Hanover Insurance Group during the 4th quarter worth approximately $108,000. Contravisory Investment Management Inc. bought a new stake in shares of Hanover Insurance Group in the 4th quarter worth approximately $181,000. Rothschild Investment Corp IL bought a new stake in shares of Hanover Insurance Group in the 4th quarter worth approximately $210,000. MAI Capital Management bought a new stake in shares of Hanover Insurance Group in the 4th quarter worth approximately $213,000. Finally, Charter Trust Co. bought a new stake in shares of Hanover Insurance Group in the 4th quarter worth approximately $216,000. 85.95% of the stock is currently owned by institutional investors.
In related news, SVP Warren E. Barnes sold 1,513 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total value of $164,099.98. Following the sale, the senior vice president now directly owns 6,333 shares in the company, valued at approximately $686,877.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Warren E. Barnes sold 1,547 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
Shares of NYSE THG traded down $1.50 during mid-day trading on Friday, hitting $116.75. The company had a trading volume of 157,205 shares, compared to its average volume of 324,948. The company has a market cap of $5,025.17, a price-to-earnings ratio of 24.90 and a beta of 0.96. Hanover Insurance Group Inc has a 12 month low of $79.23 and a 12 month high of $121.06. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.15. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.46) EPS. equities analysts forecast that Hanover Insurance Group Inc will post 8.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 9th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 8th. Hanover Insurance Group’s dividend payout ratio is currently 45.57%.
THG has been the topic of several recent research reports. ValuEngine raised Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, March 19th. Zacks Investment Research downgraded Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.
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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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