Scout Investments Inc. lessened its holdings in Hanover Insurance Group Inc (NYSE:THG) by 46.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,040 shares of the insurance provider’s stock after selling 64,180 shares during the period. Scout Investments Inc. owned 0.19% of Hanover Insurance Group worth $10,119,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the stock. Nuveen Asset Management LLC bought a new stake in shares of Hanover Insurance Group in the 2nd quarter worth approximately $25,966,000. Vanguard Group Inc. increased its stake in shares of Hanover Insurance Group by 2.8% during the second quarter. Vanguard Group Inc. now owns 4,439,819 shares of the insurance provider’s stock valued at $569,628,000 after purchasing an additional 121,714 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Hanover Insurance Group by 14.5% during the second quarter. Macquarie Group Ltd. now owns 735,895 shares of the insurance provider’s stock valued at $94,415,000 after purchasing an additional 93,209 shares during the last quarter. Man Group plc raised its stake in Hanover Insurance Group by 191.6% during the second quarter. Man Group plc now owns 113,489 shares of the insurance provider’s stock valued at $14,561,000 after buying an additional 74,576 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Hanover Insurance Group by 45.0% during the third quarter. Millennium Management LLC now owns 217,470 shares of the insurance provider’s stock valued at $29,475,000 after buying an additional 67,470 shares during the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.
NYSE THG opened at $138.43 on Thursday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50-day moving average of $136.72 and a 200 day moving average of $133.25. Hanover Insurance Group Inc has a one year low of $107.39 and a one year high of $140.00.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.22. Hanover Insurance Group had a return on equity of 10.62% and a net margin of 9.27%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $2.33 earnings per share. On average, equities analysts predict that Hanover Insurance Group Inc will post 8.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 1.88%. This is a boost from Hanover Insurance Group’s previous quarterly dividend of $0.41. Hanover Insurance Group’s payout ratio is presently 38.29%.
THG has been the subject of several analyst reports. ValuEngine downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Wednesday, October 16th.
In other news, EVP Bryan J. Salvatore sold 634 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $135.95, for a total transaction of $86,192.30. Following the sale, the executive vice president now directly owns 6,728 shares of the company’s stock, valued at approximately $914,671.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.65% of the stock is owned by corporate insiders.
Hanover Insurance Group Profile
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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