Stone Ridge Asset Management LLC boosted its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,583 shares of the insurance provider’s stock after acquiring an additional 2,900 shares during the period. Stone Ridge Asset Management LLC owned 0.06% of Hanover Insurance Group worth $3,086,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of THG. Alpha Windward LLC purchased a new position in Hanover Insurance Group during the fourth quarter worth about $25,000. Whittier Trust Co. purchased a new stake in shares of Hanover Insurance Group in the 3rd quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its position in shares of Hanover Insurance Group by 47.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 337 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 109 shares during the last quarter. Signaturefd LLC boosted its position in shares of Hanover Insurance Group by 28.4% during the 4th quarter. Signaturefd LLC now owns 507 shares of the insurance provider’s stock valued at $69,000 after acquiring an additional 112 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Hanover Insurance Group by 122.3% during the fourth quarter. Huntington National Bank now owns 889 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 489 shares in the last quarter. 84.68% of the stock is owned by institutional investors.
Several research firms recently weighed in on THG. ValuEngine upgraded shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Buckingham Research boosted their price target on shares of Hanover Insurance Group from $142.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd.
In other news, EVP Mark Joseph Welzenbach sold 6,507 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $138.68, for a total value of $902,390.76. Following the completion of the sale, the executive vice president now directly owns 19,025 shares in the company, valued at approximately $2,638,387. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Warren E. Barnes sold 1,348 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $138.91, for a total transaction of $187,250.68. Following the completion of the sale, the senior vice president now owns 5,706 shares of the company’s stock, valued at $792,620.46. The disclosure for this sale can be found here. Insiders sold a total of 18,254 shares of company stock valued at $2,531,802 in the last 90 days. 1.65% of the stock is currently owned by corporate insiders.
NYSE:THG traded up $0.52 during midday trading on Thursday, hitting $137.76. The company had a trading volume of 169,047 shares, compared to its average volume of 212,005. The company has a market capitalization of $5.41 billion, a PE ratio of 13.15 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.22. Hanover Insurance Group Inc has a 52-week low of $113.08 and a 52-week high of $144.71. The stock’s fifty day moving average price is $137.78 and its 200-day moving average price is $134.54.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Hanover Insurance Group had a return on equity of 11.17% and a net margin of 8.69%. During the same period in the prior year, the business earned $1.51 EPS. As a group, research analysts forecast that Hanover Insurance Group Inc will post 8.63 earnings per share for the current year.
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. 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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