QS Investors LLC lessened its stake in Hanover Insurance Group Inc (NYSE:THG) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,291 shares of the insurance provider’s stock after selling 670 shares during the period. QS Investors LLC owned 0.09% of Hanover Insurance Group worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THG. State of Tennessee Treasury Department acquired a new stake in shares of Hanover Insurance Group during the third quarter worth about $1,939,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of Hanover Insurance Group during the third quarter worth about $485,000. New York State Common Retirement Fund boosted its stake in shares of Hanover Insurance Group by 2.7% during the third quarter. New York State Common Retirement Fund now owns 95,600 shares of the insurance provider’s stock worth $9,267,000 after buying an additional 2,500 shares during the period. Rhumbline Advisers boosted its stake in shares of Hanover Insurance Group by 0.7% during the third quarter. Rhumbline Advisers now owns 87,016 shares of the insurance provider’s stock worth $8,434,000 after buying an additional 614 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of Hanover Insurance Group by 4.1% during the third quarter. Macquarie Group Ltd. now owns 760,095 shares of the insurance provider’s stock worth $73,676,000 after buying an additional 30,153 shares during the period. Institutional investors own 85.95% of the company’s stock.
In other Hanover Insurance Group news, SVP Warren E. Barnes sold 1,513 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.46, for a total value of $164,099.98. Following the completion of the transaction, the senior vice president now directly owns 6,333 shares of the company’s stock, valued at $686,877.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Warren E. Barnes sold 1,547 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total transaction of $171,098.20. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
NYSE THG traded down $1.50 during trading hours on Friday, hitting $116.75. 157,205 shares of the stock were exchanged, compared to its average volume of 324,948. The stock has a market capitalization of $4,961.41, a P/E ratio of 24.63 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 quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last posted 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 firm had revenue of $1.17 billion during 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.46) earnings per share. equities research analysts expect that Hanover Insurance Group Inc will post 8.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 9th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.16 annualized dividend and a yield of 1.85%. Hanover Insurance Group’s dividend payout ratio is currently 45.57%.
Several equities research analysts have recently weighed in on THG shares. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $128.00 target price for the company in a research note on Saturday, January 20th. ValuEngine raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, March 19th.
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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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