Stone Ridge Asset Management LLC bought a new position in shares of Hanover Insurance Group Inc (NYSE:THG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,157 shares of the insurance provider’s stock, valued at approximately $2,070,000.
A number of other institutional investors and hedge funds also recently modified their holdings of THG. Crossmark Global Holdings Inc. bought a new position in Hanover Insurance Group during the third quarter worth about $790,000. State Board of Administration of Florida Retirement System boosted its holdings in Hanover Insurance Group by 9.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 64,174 shares of the insurance provider’s stock worth $6,220,000 after buying an additional 5,517 shares during the last quarter. Stevens Capital Management LP bought a new position in Hanover Insurance Group during the third quarter worth about $1,328,000. State of Tennessee Treasury Department bought a new position in Hanover Insurance Group during the third quarter worth about $1,939,000. Finally, Keybank National Association OH bought a new position in Hanover Insurance Group during the third quarter worth about $1,252,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.
In other news, SVP Warren E. Barnes sold 1,513 shares of Hanover Insurance Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $108.46, for a total transaction of $164,099.98. Following the transaction, the senior vice president now owns 6,333 shares in the company, valued at approximately $686,877.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Warren E. Barnes sold 1,547 shares of Hanover Insurance Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The disclosure for this sale can be found here. Insiders own 1.08% of the company’s stock.
Hanover Insurance Group Inc (NYSE:THG) opened at $118.12 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a 1-year low of $79.23 and a 1-year high of $118.74. The stock has a market capitalization of $5,002.65, a PE ratio of 24.78 and a beta of 1.12.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.15. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted ($0.46) EPS. Hanover Insurance Group’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts expect that Hanover Insurance Group Inc will post 8.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 8th. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 49.77%.
Separately, Zacks Investment Research cut 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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