LSV Asset Management trimmed its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 89.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,700 shares of the insurance provider’s stock after selling 171,500 shares during the quarter. LSV Asset Management’s holdings in Hanover Insurance Group were worth $2,300,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 4,206,022 shares of the insurance provider’s stock worth $518,897,000 after buying an additional 71,869 shares during the period. Vanguard Group Inc grew its position in Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc now owns 4,206,022 shares of the insurance provider’s stock worth $518,897,000 after buying an additional 71,869 shares during the period. Macquarie Group Ltd. grew its position in Hanover Insurance Group by 1.2% during the third quarter. Macquarie Group Ltd. now owns 768,594 shares of the insurance provider’s stock worth $94,821,000 after buying an additional 9,000 shares during the period. Massachusetts Financial Services Co. MA grew its position in Hanover Insurance Group by 7.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 670,358 shares of the insurance provider’s stock worth $82,702,000 after buying an additional 48,436 shares during the period. Finally, AQR Capital Management LLC grew its position in Hanover Insurance Group by 7.2% during the third quarter. AQR Capital Management LLC now owns 664,475 shares of the insurance provider’s stock worth $81,977,000 after buying an additional 44,591 shares during the period. Institutional investors and hedge funds own 83.87% of the company’s stock.
THG stock opened at $118.85 on Friday. The company has a market capitalization of $5.03 billion, a PE ratio of 15.56 and a beta of 0.71. Hanover Insurance Group Inc has a 12 month low of $104.59 and a 12 month high of $131.44. 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 released its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.47 by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. Equities analysts anticipate that Hanover Insurance Group Inc will post 8 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Friday, January 25th. Stockholders of record on Thursday, January 10th were given a $4.75 dividend. The ex-dividend date was Wednesday, January 9th. This represents a dividend yield of 2.08%. Hanover Insurance Group’s dividend payout ratio is presently 35.35%.
THG has been the topic of several recent analyst reports. ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Monday, December 31st. Buckingham Research initiated coverage on shares of Hanover Insurance Group in a research report on Friday, December 14th. They set a “buy” rating on the stock. Finally, Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $136.50.
In other news, insider Mark Joseph Welzenbach sold 2,216 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $115.24, for a total value of $255,371.84. Following the sale, the insider now directly owns 17,559 shares in the company, valued at $2,023,499.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ann Kirkpatrick Tripp sold 5,646 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $115.81, for a total transaction of $653,863.26. Following the completion of the sale, the senior vice president now owns 18,631 shares in the company, valued at $2,157,656.11. The disclosure for this sale can be found here. Insiders sold 15,264 shares of company stock worth $1,746,031 over the last quarter. Company insiders own 1.30% of the company’s stock.
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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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