Nordea Investment Management AB has increased its position in The Hanover Insurance Group, Inc. (NYSE: THG – Get Rating) by 1.7% in the first quarter, according to HoldingsChannel. The company owned 52,410 shares of the insurance provider’s shares after purchasing an additional 860 shares during the quarter. Nordea Investment Management AB’s holdings in The Hanover Insurance Group were worth $ 7,998,000 at its last SEC filing.
Several other large investors have also recently made changes to their positions in THG. ProShare Advisors LLC increased its stake in The Hanover Insurance Group by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 163,422 shares of the insurance provider’s stock worth $ 21,418,000 after purchasing an additional 11,834 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp. increased its stake in The Hanover Insurance Group by 2.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp. already owns 6,047 shares of the insurance provider’s stock worth $ 793,000 after buying an additional 131 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in The Hanover Insurance Group by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 290,031 shares of the insurance provider’s shares worth $ 38,012,000 after purchasing an additional 8,198 shares in the last quarter. Diversified Trust Co acquired a new position in the shares of The Hanover Insurance Group in the first quarter worth $ 469,000. Finally, Covestor Ltd acquired a new position in shares of The Hanover Insurance Group in the 4th quarter worth $ 50,000. 84.72% of the shares are currently owned by institutional investors.
Shares of NYSE: THG opened at $ 148.00 on Friday. The shares have a market capitalization of $ 5.27 billion, a P / E ratio of 12.45, a P / E / G ratio of 0.83 and a beta ratio of 0.83. The company has a 50-day moving average price of $ 145.78 and a 200-day moving average price of $ 141.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.40 and a fast ratio of 0.40. Hanover Insurance Group, Inc. has a 1-year low of $ 121.69 and a 1-year high of $ 155.55.
The Hanover Insurance Group (NYSE: THG – Get Rating) last published its results for the quarterly earnings on Tuesday, May 3. The insurance provider reported earnings of $ 3.26 per share for the quarter, beating analysts’ consensus estimates of $ 3.00 by $ 0.26. The company had revenue of $ 1.31 billion in the quarter, compared to analysts’ expectations of $ 1.24 billion. Hanover Insurance Group had a net margin of 8.16% and a return on equity of 12.25%. Hanover Insurance Group’s quarterly revenue was up 9.7% from the same quarter last year. In the same quarter of the previous year, the business earned $ 1.66 EPS. Sales analysts expect The Hanover Insurance Group, Inc. will report EPS of 10.55 for the current fiscal year.
The company also recently announced a three-month dividend, which was paid on Friday, June 24. Record investors on Friday, June 10, received a dividend of $ 0.75 per share. This represents a dividend of $ 3.00 on an annual basis and a yield of 2.03%. The date of the former dividend was Thursday, June 9. Hanover Insurance Group’s dividend payout ratio is currently 25.23%.
Separately, StockNews.com raised shares of The Hanover Insurance Group from a hold to a buy rating in a report on Thursday, June 9th.
In other news, CEO John K. Roche sold 922 shares of the company’s shares in a deal on Thursday, April 21. The shares were sold at an average price of $ 155.24, for a total value of $ 143,131.28. Following the sale, the CEO now owns 74,843 shares in the company, valued at approximately $ 11,618,627.32. The transaction is disclosed in a document submitted to the Securities and Exchange Commission, which you can access through this hyperlink. Also, CEO John C. Roche sold 2,725 shares of the company’s shares in a deal on Tuesday, March 29. The shares were sold at an average price of $ 150.47 for a total transaction of $ 410,030.75. The disclosure for this sale can be found here. 2.50% of the shares are owned by corporate insiders.
Company profile for the Hanover Insurance Group (Get a rating)
Hanover Insurance Group, Inc., through its subsidiaries, provides a variety of property and accident insurance products and services in the United States. The company operates in three segments: retail lines, personal lines and others. The Commercial Lines segment offers products for multiple hazard insurance, commercial vehicles and workers’ compensation, as well as management and professional liability insurance, maritime, special industrial and commercial property, monolithic general liability, warranty, umbrella, loyalty, crime and other commercial coverage. .
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