Janus Henderson Group PLC boosted its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 775,534 shares of the insurance provider’s stock after purchasing an additional 79,356 shares during the period. Janus Henderson Group PLC’s holdings in Hanover Insurance Group were worth $92,723,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in THG. Adviser Investments LLC acquired a new stake in shares of Hanover Insurance Group during the first quarter valued at approximately $155,000. Contravisory Investment Management Inc. acquired a new stake in shares of Hanover Insurance Group during the second quarter valued at approximately $188,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Hanover Insurance Group during the first quarter valued at approximately $200,000. Brown Advisory Inc. acquired a new stake in shares of Hanover Insurance Group during the first quarter valued at approximately $202,000. Finally, Trexquant Investment LP acquired a new stake in shares of Hanover Insurance Group during the second quarter valued at approximately $209,000. 84.43% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on THG. Sandler O’Neill lowered shares of Hanover Insurance Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. ValuEngine lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Keefe, Bruyette & Woods set a $140.00 price target on shares of Hanover Insurance Group and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 12th.
THG stock opened at $122.78 on Wednesday. Hanover Insurance Group Inc has a 52-week low of $87.91 and a 52-week high of $131.44. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.21 billion, a PE ratio of 19.57 and a beta of 0.93.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.11. Hanover Insurance Group had a net margin of 4.29% and a return on equity of 9.11%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. equities research analysts anticipate that Hanover Insurance Group Inc will post 8.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.16 annualized dividend and a yield of 1.76%. Hanover Insurance Group’s dividend payout ratio is presently 45.57%.
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.
Recommended Story: Diversification in Your Portfolio
Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanover Insurance Group Inc (NYSE:THG).
Receive News & Ratings for Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.