ING Groep NV boosted its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,395 shares of the insurance provider’s stock after buying an additional 1,204 shares during the quarter. ING Groep NV’s holdings in Hanover Insurance Group were worth $691,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of THG. Pzena Investment Management LLC purchased a new position in Hanover Insurance Group during the third quarter valued at approximately $72,351,000. Victory Capital Management Inc. purchased a new position in Hanover Insurance Group during the third quarter valued at approximately $56,542,000. Mesirow Financial Investment Management Equity Management purchased a new position in Hanover Insurance Group during the third quarter valued at approximately $18,940,000. Assenagon Asset Management S.A. purchased a new position in Hanover Insurance Group during the fourth quarter valued at approximately $20,085,000. Finally, Dividend Assets Capital LLC purchased a new position in Hanover Insurance Group during the third quarter valued at approximately $14,274,000. 83.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Mark Lowell Keim sold 4,966 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total value of $535,334.80. Following the transaction, the insider now owns 4,966 shares of the company’s stock, valued at $535,334.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is currently owned by insiders.
Hanover Insurance Group Inc (NYSE:THG) opened at $110.68 on Friday. Hanover Insurance Group Inc has a 1-year low of $79.23 and a 1-year high of $116.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.48 and a quick ratio of 0.45. The company has a market cap of $4,700.00, a price-to-earnings ratio of 23.40 and a beta of 1.11.
Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.85 by $0.15. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts expect that Hanover Insurance Group Inc will post 8.55 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of 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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