Parametric Portfolio Associates LLC boosted its position in Hanover Insurance Group Inc (NYSE:THG) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,201 shares of the insurance provider’s stock after acquiring an additional 17,647 shares during the quarter. Parametric Portfolio Associates LLC owned 0.37% of Hanover Insurance Group worth $15,141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in THG. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hanover Insurance Group by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Hanover Insurance Group during the third quarter valued at about $180,000. Parametrica Management Ltd bought a new position in shares of Hanover Insurance Group during the third quarter valued at about $235,000. Raymond James Trust N.A. bought a new position in shares of Hanover Insurance Group during the second quarter valued at about $236,000. Finally, Jane Street Group LLC bought a new position in shares of Hanover Insurance Group during the third quarter valued at about $265,000. 83.76% of the stock is currently owned by hedge funds and other institutional investors.
Hanover Insurance Group Inc (NYSE:THG) opened at $110.87 on Friday. Hanover Insurance Group Inc has a 12 month low of $79.23 and a 12 month high of $111.07. The stock has a market capitalization of $4,710.00, a PE ratio of 38.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.45 and a current ratio of 0.45.
Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.74. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. Hanover Insurance Group’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. sell-side analysts anticipate that Hanover Insurance Group Inc will post 4.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.54 per share. This is a positive change from Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, December 14th. Hanover Insurance Group’s dividend payout ratio is currently 74.74%.
A number of brokerages have recently issued reports on THG. Zacks Investment Research cut Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 price objective on shares of Hanover Insurance Group in a research note on Friday, October 6th.
In other news, insider Mark Lowell Keim sold 4,966 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total transaction of $535,334.80. Following the completion of the sale, the insider now directly owns 4,966 shares in the company, valued at $535,334.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark Joseph Welzenbach sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $103.89, for a total transaction of $519,450.00. Following the sale, the insider now owns 29,521 shares of the company’s stock, valued at $3,066,936.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,689 shares of company stock valued at $1,555,848. 1.08% of the stock is currently owned by company insiders.
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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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