World Asset Management Inc grew its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,422 shares of the insurance provider’s stock after acquiring an additional 450 shares during the period. World Asset Management Inc’s holdings in Hanover Insurance Group were worth $277,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in shares of Hanover Insurance Group in the fourth quarter worth $26,000. Nkcfo LLC bought a new position in shares of Hanover Insurance Group in the fourth quarter worth $27,000. Riverview Trust Co bought a new position in shares of Hanover Insurance Group in the fourth quarter worth $27,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Hanover Insurance Group by 204.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 311 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 209 shares during the period. Finally, First Command Financial Services Inc. bought a new position in shares of Hanover Insurance Group in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.
THG traded down $0.63 during trading on Thursday, reaching $121.84. The stock had a trading volume of 1,011 shares, compared to its average volume of 257,199. The stock has a market cap of $4.97 billion, a PE ratio of 17.94 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Hanover Insurance Group Inc has a one year low of $104.59 and a one year high of $131.44.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.17. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Hanover Insurance Group Inc will post 8.1 earnings per share for the current year.
Several 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 report on Tuesday. Compass Point began coverage on shares of Hanover Insurance Group in a report on Friday, March 1st. They issued a “buy” rating and a $118.71 price target on the stock. Finally, ValuEngine cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hanover Insurance Group has an average rating of “Buy” and an average target price of $131.93.
In other news, SVP Ann Kirkpatrick Tripp sold 5,646 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $115.81, for a total transaction of $653,863.26. Following the completion of the sale, the senior vice president now directly owns 18,631 shares in the company, valued at $2,157,656.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Warren E. Barnes sold 790 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $118.85, for a total transaction of $93,891.50. Following the sale, the senior vice president now owns 5,503 shares of the company’s stock, valued at $654,031.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,234 shares of company stock valued at $2,174,052. Company insiders own 1.65% of the company’s stock.
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 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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