Virtus Fund Advisers LLC trimmed its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,062 shares of the insurance provider’s stock after selling 27,567 shares during the quarter. Virtus Fund Advisers LLC owned approximately 0.86% of Hanover Insurance Group worth $39,672,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in THG. Pzena Investment Management LLC acquired a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $72,351,000. Victory Capital Management Inc. acquired a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $56,542,000. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $18,940,000. Assenagon Asset Management S.A. acquired a new position in shares of Hanover Insurance Group during the 4th quarter worth approximately $20,085,000. Finally, Dividend Assets Capital LLC acquired a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $14,274,000. 85.96% of the stock is owned by institutional investors and hedge funds.
Shares of Hanover Insurance Group Inc (NYSE:THG) traded up $0.34 on Wednesday, hitting $118.46. The company had a trading volume of 273,006 shares, compared to its average volume of 194,334. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.47 and a quick ratio of 0.47. Hanover Insurance Group Inc has a 52-week low of $79.23 and a 52-week high of $119.22. The stock has a market capitalization of $5,002.65, a PE ratio of 27.29 and a beta of 1.12.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, March 8th. Hanover Insurance Group’s payout ratio is 49.77%.
Separately, Zacks Investment Research downgraded Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th.
In related news, SVP Warren E. Barnes sold 1,513 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now directly owns 6,333 shares in the company, valued at $686,877.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Warren E. Barnes sold 1,547 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by insiders.
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About Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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