Marshall Wace LLP bought a new position in shares of Hanover Insurance Group Inc (NYSE:THG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 241,204 shares of the insurance provider’s stock, valued at approximately $29,757,000. Marshall Wace LLP owned approximately 0.57% of Hanover Insurance Group as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of THG. Bank of Montreal Can acquired a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at about $832,000. Aperio Group LLC grew its stake in shares of Hanover Insurance Group by 3.8% in the 2nd quarter. Aperio Group LLC now owns 26,618 shares of the insurance provider’s stock valued at $3,182,000 after buying an additional 978 shares during the period. Wells Fargo & Company MN grew its stake in shares of Hanover Insurance Group by 26.7% in the 2nd quarter. Wells Fargo & Company MN now owns 60,189 shares of the insurance provider’s stock valued at $7,197,000 after buying an additional 12,697 shares during the period. Barings LLC acquired a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at about $520,000. Finally, KBC Group NV acquired a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at about $1,074,000. Institutional investors own 84.57% of the company’s stock.
Several analysts have recently commented on THG shares. ValuEngine upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Sandler O’Neill upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $133.00 in a research note on Wednesday, September 26th. Finally, Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th.
Shares of THG opened at $112.68 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $4.79 billion, a PE ratio of 13.94 and a beta of 0.98. Hanover Insurance Group Inc has a one year low of $101.81 and a one year high of $131.44.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.07). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Hanover Insurance Group had a net margin of 6.14% and a return on equity of 11.81%. On average, sell-side analysts forecast that Hanover Insurance Group Inc will post 7.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.13%. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.54. Hanover Insurance Group’s payout ratio is 45.57%.
In other Hanover Insurance Group news, insider J Kendall Huber sold 24,000 shares of Hanover Insurance Group stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $110.07, for a total transaction of $2,641,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.
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Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.
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