First Quadrant L P CA boosted its position in Hanover Insurance Group Inc (NYSE:THG) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,084 shares of the insurance provider’s stock after buying an additional 6,268 shares during the quarter. First Quadrant L P CA’s holdings in Hanover Insurance Group were worth $28,002,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Hanover Insurance Group in the 3rd quarter worth $180,000. Contravisory Investment Management Inc. acquired a new position in Hanover Insurance Group in the 4th quarter worth $181,000. Charter Trust Co. acquired a new position in Hanover Insurance Group in the 4th quarter worth $216,000. Parametrica Management Ltd acquired a new position in Hanover Insurance Group in the 3rd quarter worth $235,000. Finally, Jane Street Group LLC acquired a new position in Hanover Insurance Group in the 3rd quarter worth $265,000. Hedge funds and other institutional investors own 83.77% of the company’s stock.

Shares of Hanover Insurance Group Inc (THG) traded up $1.75 during trading on Tuesday, hitting $114.02. 91,500 shares of the stock were exchanged, compared to its average volume of 137,543. The firm has a market cap of $4,840.00, a price-to-earnings ratio of 39.45 and a beta of 1.14. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a 1-year low of $79.23 and a 1-year high of $114.07.

Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.74. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 EPS. equities analysts expect that Hanover Insurance Group Inc will post 4.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, December 14th. This is a positive change from Hanover Insurance Group’s previous quarterly dividend of $0.50. Hanover Insurance Group’s dividend payout ratio is 74.74%.

In related news, insider Mark Lowell Keim sold 4,966 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total transaction of $535,334.80. Following the completion of the sale, the insider now owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Joseph Welzenbach sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $103.89, for a total transaction of $519,450.00. Following the sale, the insider now directly owns 29,521 shares of the company’s stock, valued at approximately $3,066,936.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,689 shares of company stock worth $1,555,848. Company insiders own 1.08% of the company’s stock.

A number of equities analysts have commented on THG shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a report on Friday, October 6th. Zacks Investment Research lowered shares of Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.

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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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Institutional Ownership by Quarter for Hanover Insurance Group (NYSE:THG)

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