Liberty Mutual Group Asset Management Inc. cut its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,759 shares of the insurance provider’s stock after selling 969 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Hanover Insurance Group were worth $1,163,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in THG. Public Employees Retirement System of Ohio boosted its stake in shares of Hanover Insurance Group by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,921 shares of the insurance provider’s stock worth $1,943,000 after purchasing an additional 531 shares during the period. APG Asset Management N.V. purchased a new position in shares of Hanover Insurance Group during the 3rd quarter worth about $4,430,000. Crossmark Global Holdings Inc. purchased a new position in shares of Hanover Insurance Group during the 3rd quarter worth about $790,000. Victory Capital Management Inc. purchased a new position in shares of Hanover Insurance Group during the 3rd quarter worth about $56,542,000. Finally, Parametrica Management Ltd purchased a new position in shares of Hanover Insurance Group during the 3rd quarter worth about $235,000. 82.89% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Warren E. Barnes sold 1,513 shares of Hanover Insurance Group stock in a transaction dated Friday, February 23rd. The shares were 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 owns 6,333 shares in the company, valued at approximately $686,877.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.08% of the company’s stock.
Hanover Insurance Group Inc (NYSE:THG) opened at $107.91 on Thursday. Hanover Insurance Group Inc has a 52 week low of $79.23 and a 52 week high of $116.32. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $4,699.23, a PE ratio of 23.28 and a beta of 1.11.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned ($0.46) EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts predict that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.00%. Hanover Insurance Group’s dividend payout ratio is presently 49.77%.
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Hanover Insurance Group 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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