Cramer Rosenthal Mcglynn LLC bought a new position in shares of Hanover Insurance Group Inc (NYSE:THG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 408,448 shares of the insurance provider’s stock, valued at approximately $44,145,000. Cramer Rosenthal Mcglynn LLC owned about 0.96% of Hanover Insurance Group as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in Hanover Insurance Group during the 4th quarter worth $108,000. Contravisory Investment Management Inc. acquired a new stake in Hanover Insurance Group during the 4th quarter worth $181,000. Rothschild Investment Corp IL acquired a new stake in Hanover Insurance Group during the 4th quarter worth $210,000. MAI Capital Management acquired a new stake in Hanover Insurance Group during the 4th quarter worth $213,000. Finally, Charter Trust Co. acquired a new stake in Hanover Insurance Group during the 4th quarter worth $216,000. 85.96% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $128.00 target price on the stock in a research note on Saturday, January 20th.
Hanover Insurance Group Inc (NYSE:THG) opened at $117.72 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5,000.00, a PE ratio of 22.47 and a beta of 1.12. Hanover Insurance Group Inc has a 1 year low of $79.23 and a 1 year high of $118.18.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.15. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.46) EPS. analysts expect that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. Hanover Insurance Group’s payout ratio is 41.22%.
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Hanover Insurance Group Profile
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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