Dimensional Fund Advisors LP reduced its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,843,492 shares of the insurance provider’s stock after selling 214,354 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hanover Insurance Group were worth $215,255,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. increased its stake in shares of Hanover Insurance Group by 6.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,671 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 96 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Hanover Insurance Group by 0.6% in the fourth quarter. Arizona State Retirement System now owns 30,384 shares of the insurance provider’s stock worth $3,548,000 after acquiring an additional 181 shares during the last quarter. Lindbrook Capital LLC acquired a new position in shares of Hanover Insurance Group in the fourth quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Hanover Insurance Group in the fourth quarter worth $27,000. Finally, Nkcfo LLC acquired a new position in shares of Hanover Insurance Group in the fourth quarter worth $27,000. 89.76% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on THG. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Tuesday. Compass Point began coverage on shares of Hanover Insurance Group in a research note on Friday, March 1st. They issued a “buy” rating and a $118.71 price target on the stock. Finally, ValuEngine downgraded shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $131.93.
In related news, insider Ann Kirkpatrick Tripp sold 3,515 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.78, for a total value of $428,056.70. Following the completion of the sale, the insider now directly owns 18,285 shares in the company, valued at $2,226,747.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Warren E. Barnes sold 639 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $118.49, for a total transaction of $75,715.11. Following the completion of the sale, the senior vice president now owns 3,764 shares of the company’s stock, valued at $445,996.36. The disclosure for this sale can be found here. Insiders sold 13,234 shares of company stock valued at $1,568,302 over the last quarter. 1.65% of the stock is currently owned by corporate insiders.
NYSE THG opened at $122.47 on Thursday. Hanover Insurance Group Inc has a 1-year low of $104.59 and a 1-year high of $131.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $4.97 billion, a PE ratio of 18.04 and a beta of 0.70.
Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. Hanover Insurance Group’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. On average, sell-side analysts predict that Hanover Insurance Group Inc will post 8.1 EPS for the current year.
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Hanover Insurance Group 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 in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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