1 week Ago By Defense World Staff
Prudential Financial Inc. trimmed its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) by 49.
7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,690 shares of the insurance provider’s stock after selling 2,662 shares during the quarter. Prudential Financial Inc.
’s holdings in The Hanover Insurance Group were worth $416,000 at the end of the most recent quarter. Other hedge funds also recently made changes to their positions in the company. AMG National Trust Bank raised its stake in shares of The Hanover Insurance Group by 0.
7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after buying an additional 71 shares during the period. Captrust Financial Advisors increased its stake in The Hanover Insurance Group by 4.
7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 81 shares during the last quarter. Ironwood Investment Management LLC increased its position in shares of The Hanover Insurance Group by 0.
9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 85 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of The Hanover Insurance Group by 49.
5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Finally, Truist Financial Corp raised its position in The Hanover Insurance Group by 4.
7% during the fourth quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider’s stock valued at $313,000 after purchasing an additional 90 shares in the last quarter. 86.
61% of the stock is currently owned by institutional investors. The Hanover Insurance Group Price PerformanceShares of The Hanover Insurance Group stock opened at $156.70 on Thursday.
The stock’s 50-day simple moving average is $164.83 and its 200-day simple moving average is $158.14.
The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.
25. The Hanover Insurance Group, Inc. has a 52 week low of $119.
66 and a 52 week high of $176.16. The company has a market capitalization of $5.
63 billion, a price-to-earnings ratio of 13.40 and a beta of 0.47.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate of $3.
45 by $1.87. The Hanover Insurance Group had a net margin of 6.
83% and a return on equity of 18.01%. As a group, analysts expect that The Hanover Insurance Group, Inc.
will post 14.37 earnings per share for the current fiscal year. The Hanover Insurance Group Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Shareholders of record on Friday, March 14th were given a dividend of $0.90 per share. The ex-dividend date was Friday, March 14th.
This represents a $3.60 annualized dividend and a yield of 2.30%.
The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%. Insiders Place Their BetsIn other news, CEO John C.
Roche sold 301 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.
00. Following the transaction, the chief executive officer now owns 124,414 shares of the company’s stock, valued at approximately $21,772,450. The trade was a 0.
24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.
40% of the company’s stock. Wall Street Analyst Weigh InTHG has been the topic of several research reports. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.
00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets increased their price objective on The Hanover Insurance Group from $161.
00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods cut their target price on shares of The Hanover Insurance Group from $179.
00 to $171.00 and set a “market perform” rating on the stock in a research note on Wednesday. Piper Sandler increased their price objective on The Hanover Insurance Group from $190.
00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th.
Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Hold” and an average price target of $178.
00.Check Out Our Latest Analysis on THGThe Hanover Insurance Group Profile (Free Report)The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other.
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