The Hanover Insurance Group, Inc. (NYSE:THG) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,378 shares of the insurance provider’s stock after acquiring an additional 5,086 shares during the period. Nordea Investment Management AB owned about 1.02% of The Hanover Insurance Group worth $41,813,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of The Hanover Insurance Group by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,890,210 shares of the insurance provider’s stock valued at $344,789,000 after purchasing an additional 20,036 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of The Hanover Insurance Group by 0.5% in the second quarter. BlackRock Inc. now owns 3,518,780 shares of the insurance provider’s stock valued at $311,870,000 after purchasing an additional 18,596 shares in the last quarter. LSV Asset Management lifted its holdings in shares of The Hanover Insurance Group by 0.5% in the second quarter. LSV Asset Management now owns 897,356 shares of the insurance provider’s stock valued at $79,532,000 after purchasing an additional 4,300 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of The Hanover Insurance Group by 43.1% in the second quarter. Renaissance Technologies LLC now owns 842,900 shares of the insurance provider’s stock valued at $74,706,000 after buying an additional 254,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of The Hanover Insurance Group by 0.8% in the second quarter. Franklin Resources Inc. now owns 762,300 shares of the insurance provider’s stock valued at $67,563,000 after buying an additional 5,800 shares during the last quarter. 83.85% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group, Inc. (NYSE THG) traded down $0.16 during trading on Wednesday, hitting $106.50. 167,700 shares of the stock traded hands, compared to its average volume of 228,994. The Hanover Insurance Group, Inc. has a 52 week low of $79.23 and a 52 week high of $108.64. The firm has a market capitalization of $4,530.38, a price-to-earnings ratio of 46.58 and a beta of 1.14. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.74. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. The Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 4.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.03%. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.50. The Hanover Insurance Group’s dividend payout ratio is 70.92%.

In other The Hanover Insurance Group news, insider Mark Lowell Keim sold 4,966 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total transaction of $535,334.80. Following the sale, the insider now directly owns 4,966 shares of the company’s stock, valued at $535,334.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Joseph Welzenbach sold 4,723 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total transaction of $501,063.07. Following the completion of the sale, the insider now directly owns 29,244 shares in the company, valued at approximately $3,102,495.96. The disclosure for this sale can be found here. Insiders have sold a total of 14,689 shares of company stock worth $1,555,848 over the last quarter. 1.08% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on THG. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 price target on shares of The Hanover Insurance Group in a research report on Friday, October 6th.

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About The 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).

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

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