UBS Asset Management Americas Inc. lifted its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,759 shares of the insurance provider’s stock after purchasing an additional 5,191 shares during the quarter. UBS Asset Management Americas Inc. owned 0.11% of Hanover Insurance Group worth $5,270,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Hanover Insurance Group by 1.4% during the fourth quarter. BlackRock Inc. now owns 3,563,588 shares of the insurance provider’s stock worth $385,154,000 after purchasing an additional 48,671 shares during the period. Victory Capital Management Inc. raised its position in shares of Hanover Insurance Group by 53.1% during the fourth quarter. Victory Capital Management Inc. now owns 893,113 shares of the insurance provider’s stock worth $96,528,000 after purchasing an additional 309,788 shares during the period. Janus Henderson Group PLC raised its position in shares of Hanover Insurance Group by 9.0% during the third quarter. Janus Henderson Group PLC now owns 773,695 shares of the insurance provider’s stock worth $74,994,000 after purchasing an additional 63,578 shares during the period. Macquarie Group Ltd. raised its position in shares of Hanover Insurance Group by 4.1% during the third quarter. Macquarie Group Ltd. now owns 760,095 shares of the insurance provider’s stock worth $73,676,000 after purchasing an additional 30,153 shares during the period. Finally, Boston Partners raised its position in shares of Hanover Insurance Group by 2.8% during the third quarter. Boston Partners now owns 617,944 shares of the insurance provider’s stock worth $59,898,000 after purchasing an additional 16,663 shares during the period. 85.96% of the stock is currently owned by institutional investors.
In related news, SVP Warren E. Barnes sold 1,513 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now owns 6,333 shares in the company, valued at $686,877.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Warren E. Barnes sold 1,547 shares of the company’s stock in a transaction on 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. Corporate insiders own 1.08% of the company’s stock.
Separately, Zacks Investment Research lowered Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th.
Shares of Hanover Insurance Group Inc (NYSE:THG) opened at $117.00 on Monday. Hanover Insurance Group Inc has a 1-year low of $79.23 and a 1-year high of $117.22. The stock has a market capitalization of $4,972.05, a price-to-earnings ratio of 24.63 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.15. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted ($0.46) earnings per share. Hanover Insurance Group’s revenue was up 8.4% compared to the same quarter last year. analysts forecast that Hanover Insurance Group Inc will post 8.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.16 annualized dividend and a yield of 1.85%. Hanover Insurance Group’s dividend payout ratio (DPR) is currently 49.77%.
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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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