Scout Investments Inc. Has $36.03 Million Holdings in Hanover Insurance Group Inc (THG)
Scout Investments Inc. raised its stake in Hanover Insurance Group Inc (NYSE:THG) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,566 shares of the insurance provider’s stock after acquiring an additional 932 shares during the quarter. Hanover Insurance Group makes up approximately 0.9% of Scout Investments Inc.’s investment portfolio, making the stock its 27th largest position. Scout Investments Inc. owned approximately 0.73% of Hanover Insurance Group worth $36,031,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in THG. Wells Fargo & Company MN raised its stake in shares of Hanover Insurance Group by 26.7% during the 2nd quarter. Wells Fargo & Company MN now owns 60,189 shares of the insurance provider’s stock worth $7,197,000 after buying an additional 12,697 shares during the period. Federated Investors Inc. PA raised its stake in shares of Hanover Insurance Group by 19.5% during the 2nd quarter. Federated Investors Inc. PA now owns 19,808 shares of the insurance provider’s stock worth $2,368,000 after buying an additional 3,226 shares during the period. BlueMountain Capital Management LLC raised its stake in shares of Hanover Insurance Group by 216.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 8,764 shares of the insurance provider’s stock worth $1,048,000 after buying an additional 5,993 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Hanover Insurance Group during the 2nd quarter worth approximately $1,971,000. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Hanover Insurance Group by 25.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 3,472 shares of the insurance provider’s stock worth $415,000 after buying an additional 704 shares during the period. 84.54% of the stock is owned by institutional investors.
Shares of THG traded down $0.14 during trading hours on Friday, hitting $110.30. 209,604 shares of the stock were exchanged, compared to its average volume of 309,825. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.39 and a current ratio of 0.39. Hanover Insurance Group Inc has a 12-month low of $104.49 and a 12-month high of $131.44. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 23.27 and a beta of 0.81.
The company also recently declared a special dividend, which will be paid on Friday, January 25th. Investors of record on Thursday, January 10th will be given a dividend of $4.75 per share. This represents a dividend yield of 2.08%. The ex-dividend date is Wednesday, January 9th. Hanover Insurance Group’s payout ratio is 50.63%.
In related news, EVP J Kendall Huber sold 16,827 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $110.04, for a total transaction of $1,851,643.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on THG. ValuEngine raised Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Sandler O’Neill raised Hanover Insurance Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $133.00 in a research note on Wednesday, September 26th. Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. Finally, Buckingham Research began coverage on Hanover Insurance Group in a research note on Friday, December 14th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $133.67.
About Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.
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