Fenimore Asset Administration Inc. lowered its stake in shares of The Hanover Insurance coverage Group, Inc. (NYSE:THG – Free Report) by 17.1% in the course of the 2nd quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The institutional investor owned 206,078 shares of the insurance coverage supplier’s inventory after promoting 42,656 shares in the course of the quarter. Fenimore Asset Administration Inc. owned about 0.58% of The Hanover Insurance coverage Group price $23,293,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders additionally not too long ago purchased and offered shares of the corporate. Boston Belief Walden Corp grew its stake in shares of The Hanover Insurance coverage Group by 54.6% in the course of the 2nd quarter. Boston Belief Walden Corp now owns 341,093 shares of the insurance coverage supplier’s inventory price $38,554,000 after buying a further 120,400 shares in the course of the interval. Artistic Planning grew its stake in shares of The Hanover Insurance coverage Group by 38.8% in the course of the 2nd quarter. Artistic Planning now owns 6,624 shares of the insurance coverage supplier’s inventory price $749,000 after buying a further 1,853 shares in the course of the interval. Summit World Investments grew its stake in shares of The Hanover Insurance coverage Group by 83.4% in the course of the 2nd quarter. Summit World Investments now owns 5,710 shares of the insurance coverage supplier’s inventory price $645,000 after buying a further 2,597 shares in the course of the interval. Allworth Monetary LP grew its stake in shares of The Hanover Insurance coverage Group by 4,208.3% in the course of the 2nd quarter. Allworth Monetary LP now owns 517 shares of the insurance coverage supplier’s inventory price $58,000 after buying a further 505 shares in the course of the interval. Lastly, Riverwater Companions LLC lifted its place in shares of The Hanover Insurance coverage Group by 5.3% in the course of the 2nd quarter. Riverwater Companions LLC now owns 5,128 shares of the insurance coverage supplier’s inventory valued at $580,000 after shopping for a further 258 shares within the final quarter. Institutional traders and hedge funds personal 84.89% of the corporate’s inventory.
The Hanover Insurance coverage Group Buying and selling Down 0.4 %
Shares of NYSE:THG traded down $0.42 throughout noon buying and selling on Friday, reaching $111.08. 162,832 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 195,860. The agency’s 50 day easy transferring common is $109.45 and its two-hundred day easy transferring common is $114.92. The corporate has a fast ratio of 0.37, a present ratio of 0.37 and a debt-to-equity ratio of 0.35. The Hanover Insurance coverage Group, Inc. has a fifty-two week low of $103.82 and a fifty-two week excessive of $148.78.
The Hanover Insurance coverage Group (NYSE:THG – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, August 2nd. The insurance coverage supplier reported ($1.91) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($1.91). The agency had income of $1.50 billion in the course of the quarter, in comparison with the consensus estimate of $1.42 billion. The Hanover Insurance coverage Group had a destructive return on fairness of two.83% and a destructive internet margin of 1.60%. The corporate’s quarterly income was up 16.3% on a year-over-year foundation. Throughout the identical interval final yr, the corporate earned $2.32 EPS. On common, analysis analysts anticipate that The Hanover Insurance coverage Group, Inc. will put up 3.01 earnings per share for the present yr.
The Hanover Insurance coverage Group Broadcasts Dividend
The agency additionally not too long ago declared a quarterly dividend, which was paid on Friday, September twenty ninth. Shareholders of report on Friday, September fifteenth have been paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.24 dividend on an annualized foundation and a yield of two.92%. The Hanover Insurance coverage Group’s dividend payout ratio (DPR) is presently -124.62%.
Insiders Place Their Bets
In different The Hanover Insurance coverage Group information, Director Jane D. Carlin offered 1,246 shares of the enterprise’s inventory in a transaction dated Monday, August seventh. The shares have been offered at a median value of $114.04, for a complete transaction of $142,093.84. The sale was disclosed in a doc filed with the SEC, which is out there by way of the SEC web site. Insiders personal 2.40% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Quite a lot of analysis analysts have not too long ago issued reviews on THG shares. StockNews.com started protection on The Hanover Insurance coverage Group in a analysis report on Thursday. They set a “maintain” ranking on the inventory. Piper Sandler decreased their value goal on The Hanover Insurance coverage Group from $149.00 to $138.00 and set an “chubby” ranking on the inventory in a report on Friday. JMP Securities decreased their value goal on The Hanover Insurance coverage Group from $170.00 to $160.00 in a report on Wednesday, July twelfth. Keefe, Bruyette & Woods diminished their value goal on The Hanover Insurance coverage Group from $124.00 to $120.00 and set a “market carry out” ranking on the inventory in a report on Tuesday, August fifteenth. Lastly, BMO Capital Markets upgraded The Hanover Insurance coverage Group from a “market carry out” ranking to an “outperform” ranking and lifted their value goal for the inventory from $125.00 to $126.00 in a report on Thursday, August thirty first. 4 equities analysis analysts have rated the inventory with a maintain ranking and 4 have given a purchase ranking to the corporate. Based on MarketBeat.com, the inventory presently has a median ranking of “Reasonable Purchase” and a consensus value goal of $141.14.
Learn Our Newest Analysis Report on THG
The Hanover Insurance coverage Group Firm Profile
(Free Report)
The Hanover Insurance coverage Group, Inc, by way of its subsidiaries, offers varied property and casualty insurance coverage services and products in the USA. The corporate operates by way of 4 segments: Core Industrial, Specialty, Private Traces, and Different. The Industrial Traces section affords business a number of peril, business car, staff’ compensation, and different business traces protection.
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