Stone Ridge Asset Management LLC acquired a new position in shares of Hanover Insurance Group Inc (NYSE:THG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,157 shares of the insurance provider’s stock, valued at approximately $2,070,000.
Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Hanover Insurance Group by 53.1% in the fourth quarter. Victory Capital Management Inc. now owns 893,113 shares of the insurance provider’s stock valued at $96,528,000 after buying an additional 309,788 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Hanover Insurance Group by 27.4% in the fourth quarter. Franklin Resources Inc. now owns 1,034,600 shares of the insurance provider’s stock valued at $111,819,000 after buying an additional 222,800 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Hanover Insurance Group in the fourth quarter valued at $20,085,000. Dividend Assets Capital LLC acquired a new stake in shares of Hanover Insurance Group in the third quarter valued at $14,274,000. Finally, Citadel Advisors LLC increased its stake in shares of Hanover Insurance Group by 38.7% in the fourth quarter. Citadel Advisors LLC now owns 378,944 shares of the insurance provider’s stock valued at $40,956,000 after buying an additional 105,700 shares in the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.
Shares of Hanover Insurance Group Inc (THG) opened at $118.12 on Wednesday. Hanover Insurance Group Inc has a 12 month low of $79.23 and a 12 month high of $118.74. The firm has a market capitalization of $5,002.65, a price-to-earnings ratio of 24.78 and a beta of 1.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be given a $0.54 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. Hanover Insurance Group’s payout ratio is 49.77%.
Separately, Zacks Investment Research lowered Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th.
In related 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 value of $164,099.98. Following the completion of the sale, the senior vice president now directly owns 6,333 shares in the company, valued at $686,877.18. The sale was disclosed in a filing with the SEC, which is available through 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 stock was 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. 1.08% of the stock is owned by company insiders.
Hanover Insurance Group Company 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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