Amundi Pioneer Asset Management Inc. lowered its position in Hanover Insurance Group Inc (NYSE:THG) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 290,748 shares of the insurance provider’s stock after selling 4,928 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.68% of Hanover Insurance Group worth $31,424,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in THG. Tower Research Capital LLC TRC acquired a new position in Hanover Insurance Group in the fourth quarter worth approximately $108,000. Contravisory Investment Management Inc. bought a new position in Hanover Insurance Group in the fourth quarter worth $181,000. Rothschild Investment Corp IL bought a new position in Hanover Insurance Group in the fourth quarter worth $210,000. MAI Capital Management bought a new position in shares of Hanover Insurance Group during the fourth quarter valued at $213,000. Finally, Charter Trust Co. bought a new position in shares of Hanover Insurance Group during the fourth quarter valued at $216,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.
NYSE THG traded down $1.36 during trading on Monday, hitting $116.53. The stock had a trading volume of 285,062 shares, compared to its average volume of 226,622. The stock has a market capitalization of $5,009.87, a price-to-earnings ratio of 24.58 and a beta of 0.96. Hanover Insurance Group Inc has a 12 month low of $79.23 and a 12 month high of $121.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.47.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.15. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.46) EPS. equities research analysts forecast that Hanover Insurance Group Inc will post 8.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 9th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 8th. Hanover Insurance Group’s dividend payout ratio is 45.57%.
In other news, SVP Warren E. Barnes sold 1,513 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now directly owns 6,333 shares in the company, valued at approximately $686,877.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Warren E. Barnes sold 1,547 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $110.60, for a total value of $171,098.20. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Monday, March 19th.
Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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