TD Asset Management Inc. Acquires 1,448 Shares of The Hanover Insurance Group, Inc. (THG)
TD Asset Management Inc. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,787 shares of the insurance provider’s stock after purchasing an additional 1,448 shares during the quarter. TD Asset Management Inc.’s holdings in The Hanover Insurance Group were worth $1,724,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Hanover Insurance Group by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after purchasing an additional 120 shares during the period. Meeder Asset Management Inc. acquired a new position in The Hanover Insurance Group in the third quarter valued at $180,000. Parametrica Management Ltd acquired a new position in The Hanover Insurance Group in the third quarter valued at $235,000. Raymond James Trust N.A. acquired a new position in The Hanover Insurance Group in the second quarter valued at $236,000. Finally, World Asset Management Inc increased its stake in The Hanover Insurance Group by 3.8% in the second quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 99 shares during the period. Institutional investors own 83.85% of the company’s stock.
THG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $91.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, September 7th.
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 sale, the insider now owns 4,966 shares of the company’s stock, valued at $535,334.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was 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 in the company, valued at approximately $3,066,936.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,689 shares of company stock worth $1,555,848. Company insiders own 1.08% of the company’s stock.
Shares of The Hanover Insurance Group, Inc. (THG) traded up $0.66 during trading on Monday, hitting $105.63. 196,700 shares of the stock were exchanged, compared to its average volume of 227,961. The Hanover Insurance Group, Inc. has a twelve month low of $79.23 and a twelve month high of $108.64. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4,486.63, a price-to-earnings ratio of 46.13 and a beta of 1.14.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.74. The Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. equities analysts forecast that The Hanover Insurance Group, Inc. will post 4.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, December 14th. The Hanover Insurance Group’s payout ratio is 70.92%.
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The 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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