Texas Permanent School Fund reduced its stake in The Hanover Insurance Group, Inc. (NYSE:THG)


Texas Permanent School Fund reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating ) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,225 shares of the insurance provider’s stock after selling 539 shares during the quarter. Texas Permanent School Fund owned about 0.07% of The Hanover Insurance Group worth $3,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ProShare Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 163,422 shares of the insurance provider’s stock valued at $21,418,000 after buying an additional 11,834 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of The Hanover Insurance Group by 2.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,047 shares of the insurance provider’s stock valued at $793,000 after buying an additional 131 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of The Hanover Insurance Group by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 290,031 shares of the insurance provider’s stock valued at $38,012,000 after buying an additional 8,198 shares during the period. Diversified Trust Co acquired a new position in shares of The Hanover Insurance Group in the first quarter valued at $469,000. Finally, Mutual of America Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 1.9% in the first quarter. Mutual of America Capital Management LLC now owns 32,445 shares of the insurance provider’s stock valued at $4,851,000 after buying an additional 619 shares during the period. 84.72% of the shares are owned by institutional investors and hedge funds.

Hanover Insurance Group Pricing Performance

Shares of Hanover Insurance Group stock opened at $126.82 on Monday. Hanover Insurance Group, Inc. has a 12-month low of $121.69 and a 12-month high of $155.55. The stock has a market cap of $4.51 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.72 and a beta of 0.71. The firm’s 50-day moving average is $141.35, and its 200-day moving average is $143.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.39, and a quick ratio of 0.40.

Hanover Insurance Group announces dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.75 dividend. The ex-dividend date was Thursday, June 9th. This represents a $3.00 annual dividend and a yield of 2.37%. Hanover Insurance Group’s payout ratio is 33.33%.

Promote and demote an analyst

A number of research firms recently weighed in on THG. Morgan Stanley began coverage on shares of The Hanover Insurance Group in a research note on Wednesday, June 29th. They set an “equal weight” rating and a $155.00 target price on the stock. StockNews.com cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.

Hanover Insurance Group Company Profile

(Get Rating)

Hanover Insurance Group, Inc, through its subsidiaries, provides a variety of property and casualty insurance products and services in the United States. The company operates in three segments: commercial lines, personal lines and others. The Commercial Lines segment offers commercial multi-peril, commercial auto and workers’ compensation insurance products, as well as management and professional liability, marine, special industrial and commercial property, monoline general liability, surety, umbrella, loyalty, crime and other commercial coverages.

See also

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



Get The Hanover Insurance Group news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Hanover Insurance Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.