Mesirow Financial Investment Management Equity Management decreased its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,198 shares of the insurance provider’s stock after selling 6,545 shares during the period. Hanover Insurance Group comprises 1.8% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 4th biggest position. Mesirow Financial Investment Management Equity Management’s holdings in Hanover Insurance Group were worth $13,452,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of THG. Nkcfo LLC acquired a new stake in shares of Hanover Insurance Group in the fourth quarter valued at approximately $27,000. First Command Bank acquired a new stake in shares of Hanover Insurance Group in the fourth quarter valued at approximately $40,000. First Command Financial Services Inc. acquired a new stake in shares of Hanover Insurance Group in the fourth quarter valued at approximately $40,000. Essex Savings Bank acquired a new stake in shares of Hanover Insurance Group in the fourth quarter valued at approximately $45,000. Finally, Advisors Asset Management Inc. boosted its stake in Hanover Insurance Group by 59.5% in the fourth quarter. Advisors Asset Management Inc. now owns 914 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 341 shares during the last quarter. 88.52% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on THG shares. ValuEngine cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Buckingham Research started coverage on shares of Hanover Insurance Group in a research note on Friday, December 14th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research cut shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Hanover Insurance Group currently has a consensus rating of “Hold” and an average price target of $136.50.
In other news, insider Mark Joseph Welzenbach sold 7,402 shares of Hanover Insurance Group stock in a transaction on Friday, February 1st. The shares were sold at an average price of $113.05, for a total transaction of $836,796.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP J Kendall Huber sold 16,827 shares of Hanover Insurance Group stock in a transaction on Friday, November 16th. The stock was sold at an average price of $110.04, for a total transaction of $1,851,643.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,229 shares of company stock worth $5,330,119. Insiders own 1.30% of the company’s stock.
Shares of THG stock opened at $114.87 on Monday. Hanover Insurance Group Inc has a 52-week low of $104.49 and a 52-week high of $131.44. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 16.92 and a beta of 0.71. The company has a current ratio of 0.51, a quick ratio of 0.39 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Hanover Insurance Group Inc will post 8 earnings per share for the current year.
The firm also recently disclosed a special dividend, which was paid on Friday, January 25th. Shareholders of record on Thursday, January 10th were paid a $4.75 dividend. The ex-dividend date was Wednesday, January 9th. This represents a yield of 2.08%. Hanover Insurance Group’s payout ratio is presently 35.35%.
About Hanover Insurance Group
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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