Federated Investors Inc. PA boosted its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,808 shares of the insurance provider’s stock after purchasing an additional 3,226 shares during the period. Federated Investors Inc. PA’s holdings in Hanover Insurance Group were worth $2,368,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Scout Investments Inc. boosted its position in Hanover Insurance Group by 76.0% during the second quarter. Scout Investments Inc. now owns 307,371 shares of the insurance provider’s stock valued at $36,749,000 after purchasing an additional 132,742 shares during the last quarter. BlackRock Inc. boosted its position in Hanover Insurance Group by 11.1% during the second quarter. BlackRock Inc. now owns 4,010,860 shares of the insurance provider’s stock valued at $479,538,000 after purchasing an additional 401,605 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Hanover Insurance Group by 39.5% during the second quarter. Chartwell Investment Partners LLC now owns 29,865 shares of the insurance provider’s stock valued at $3,571,000 after purchasing an additional 8,455 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in Hanover Insurance Group during the first quarter valued at approximately $12,490,000. Finally, KBC Group NV acquired a new position in Hanover Insurance Group during the second quarter valued at approximately $1,074,000. 84.43% of the stock is owned by hedge funds and other institutional investors.
NYSE:THG opened at $115.39 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 24.34 and a beta of 0.93. Hanover Insurance Group Inc has a 12-month low of $94.38 and a 12-month high of $131.44.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.11. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Hanover Insurance Group had a return on equity of 9.11% and a net margin of 4.29%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 earnings per share. equities research analysts predict that Hanover Insurance Group Inc will post 8.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.54 dividend. The ex-dividend date is Thursday, September 13th. This represents a $2.16 annualized dividend and a yield of 1.87%. Hanover Insurance Group’s dividend payout ratio is 45.57%.
THG has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $140.00 price target on Hanover Insurance Group and gave the company a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. ValuEngine cut Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, Sandler O’Neill cut Hanover Insurance Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th.
About Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.
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