MERIAN GLOBAL INVESTORS UK Ltd Acquires 36,668 Shares of Hanover Insurance Group Inc (THG)

MERIAN GLOBAL INVESTORS UK Ltd increased its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 96.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,584 shares of the insurance provider’s stock after purchasing an additional 36,668 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Hanover Insurance Group were worth $9,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THG. Wells Fargo & Company MN raised its holdings in Hanover Insurance Group by 5.9% during the first quarter. Wells Fargo & Company MN now owns 47,492 shares of the insurance provider’s stock worth $5,599,000 after purchasing an additional 2,644 shares in the last quarter. UBS Group AG raised its holdings in Hanover Insurance Group by 46.7% during the first quarter. UBS Group AG now owns 57,143 shares of the insurance provider’s stock worth $6,737,000 after purchasing an additional 18,194 shares in the last quarter. Barclays PLC raised its holdings in Hanover Insurance Group by 77.7% during the first quarter. Barclays PLC now owns 10,704 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 4,680 shares in the last quarter. Millennium Management LLC raised its holdings in Hanover Insurance Group by 1,582.6% during the first quarter. Millennium Management LLC now owns 212,532 shares of the insurance provider’s stock worth $25,055,000 after purchasing an additional 199,901 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Hanover Insurance Group by 2.9% during the first quarter. Legal & General Group Plc now owns 67,908 shares of the insurance provider’s stock worth $8,006,000 after purchasing an additional 1,904 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Hanover Insurance Group stock opened at $113.08 on Friday. Hanover Insurance Group Inc has a 12-month low of $97.99 and a 12-month high of $131.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 23.86 and a beta of 0.92.

Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, August 1st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.11. Hanover Insurance Group had a net margin of 4.29% and a return on equity of 9.11%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Hanover Insurance Group Inc will post 7.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.54 dividend. The ex-dividend date was Thursday, September 13th. This represents a $2.16 dividend on an annualized basis and a yield of 1.91%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 45.57%.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Sandler O’Neill cut shares of Hanover Insurance Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. ValuEngine cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Keefe, Bruyette & Woods set a $140.00 price target on shares of Hanover Insurance Group and gave the stock a “buy” rating in a report on Thursday, August 2nd.

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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Institutional Ownership by Quarter for Hanover Insurance Group (NYSE:THG)

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