Bessemer Group Inc. grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 2,278.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 785 shares of the insurance provider’s stock after buying an additional 752 shares during the period. Bessemer Group Inc.’s holdings in The Hanover Insurance Group were worth $101,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Aspire Private Capital LLC purchased a new stake in The Hanover Insurance Group in the first quarter worth about $12,850,000,000. Advisors Asset Management Inc. lifted its holdings in shares of The Hanover Insurance Group by 129.8% during the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 122 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of The Hanover Insurance Group in the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of The Hanover Insurance Group in the 1st quarter worth approximately $40,000. Finally, Belpointe Asset Management LLC bought a new position in The Hanover Insurance Group during the 4th quarter valued at approximately $53,000. 85.38% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,246 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $114.04, for a total value of $142,093.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on The Hanover Insurance Group
The Hanover Insurance Group Price Performance
THG opened at $105.55 on Friday. The company’s 50-day simple moving average is $111.05 and its two-hundred day simple moving average is $120.68. The Hanover Insurance Group, Inc. has a 52-week low of $103.90 and a 52-week high of $148.78. The stock has a market capitalization of $3.77 billion, a P/E ratio of -40.60, a P/E/G ratio of 0.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.37.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported ($1.91) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.91). The Hanover Insurance Group had a negative net margin of 1.60% and a negative return on equity of 2.83%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, analysts predict that The Hanover Insurance Group, Inc. will post 3.05 EPS for the current year.
The Hanover Insurance Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.81 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.07%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently -124.62%.
The Hanover Insurance Group Company Profile
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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