Swiss National Bank trimmed its stake in The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,800 shares of the insurance provider’s stock after selling 9,200 shares during the quarter. Swiss National Bank owned approximately 0.21% of The Hanover Insurance Group worth $9,869,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its stake in The Hanover Insurance Group by 4.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,285 shares of the insurance provider’s stock valued at $444,000 after purchasing an additional 135 shares during the last quarter. Peregrine Capital Management LLC increased its stake in The Hanover Insurance Group by 10.0% in the first quarter. Peregrine Capital Management LLC now owns 77,711 shares of the insurance provider’s stock valued at $9,986,000 after purchasing an additional 7,033 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in The Hanover Insurance Group by 449.5% in the first quarter. Tower Research Capital LLC TRC now owns 9,797 shares of the insurance provider’s stock valued at $1,259,000 after purchasing an additional 8,014 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in The Hanover Insurance Group by 0.5% in the fourth quarter. Alaska Permanent Fund Corp now owns 52,838 shares of the insurance provider’s stock valued at $7,140,000 after purchasing an additional 285 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in The Hanover Insurance Group in the fourth quarter valued at $203,000. 85.38% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at The Hanover Insurance Group
In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,246 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $114.04, for a total transaction of $142,093.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
The Hanover Insurance Group Price Performance
Shares of NYSE THG opened at $105.55 on Friday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -40.60, a PEG ratio of 0.93 and a beta of 0.67. The Hanover Insurance Group, Inc. has a 1-year low of $103.90 and a 1-year high of $148.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50-day moving average of $111.05 and a 200-day moving average of $120.68.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported ($1.91) EPS for the quarter, meeting analysts’ consensus estimates of ($1.91). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. The Hanover Insurance Group had a negative return on equity of 2.83% and a negative net margin of 1.60%. The Hanover Insurance Group’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 earnings per share. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.
The Hanover Insurance Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, June 15th. The Hanover Insurance Group’s payout ratio is currently -124.62%.
About The 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 through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.
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