Brandywine Global Investment Management LLC Has $11.48 Million Position in Hanover Insurance Group Inc (THG)

Brandywine Global Investment Management LLC raised its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 98,269 shares of the insurance provider’s stock after purchasing an additional 5,155 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Hanover Insurance Group were worth $11,475,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. grew its holdings in Hanover Insurance Group by 6.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,671 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 96 shares during the period. Arizona State Retirement System grew its holdings in Hanover Insurance Group by 0.6% during the 4th quarter. Arizona State Retirement System now owns 30,384 shares of the insurance provider’s stock worth $3,548,000 after acquiring an additional 181 shares during the period. Lindbrook Capital LLC acquired a new stake in Hanover Insurance Group during the 4th quarter worth about $26,000. Riverview Trust Co acquired a new stake in Hanover Insurance Group during the 4th quarter worth about $27,000. Finally, Nkcfo LLC acquired a new stake in Hanover Insurance Group during the 4th quarter worth about $27,000. 88.48% of the stock is owned by institutional investors and hedge funds.

Shares of Hanover Insurance Group stock opened at $114.80 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.51 and a quick ratio of 0.51. Hanover Insurance Group Inc has a 1-year low of $104.59 and a 1-year high of $131.44. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 16.91 and a beta of 0.71.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.04. Hanover Insurance Group had a return on equity of 11.14% and a net margin of 7.88%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $1.20 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Hanover Insurance Group Inc will post 8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.40 annualized dividend and a dividend yield of 2.09%. Hanover Insurance Group’s dividend payout ratio is presently 35.35%.

A number of brokerages have weighed in on THG. ValuEngine upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, December 31st. Compass Point began coverage on Hanover Insurance Group in a report on Friday, March 1st. They set a “buy” rating and a $118.71 price target for the company. Buckingham Research began coverage on Hanover Insurance Group in a report on Friday, December 14th. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $130.57.

In other news, SVP Ann Kirkpatrick Tripp sold 5,646 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $115.81, for a total value of $653,863.26. Following the completion of the sale, the senior vice president now directly owns 18,631 shares in the company, valued at approximately $2,157,656.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Joseph Welzenbach sold 7,402 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $113.05, for a total value of $836,796.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,560 shares of company stock valued at $2,016,383. 1.30% of the stock is currently owned by company insiders.

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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. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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

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