Stifel Financial Corp Has $3.76 Million Stake in Hanover Insurance Group Inc (THG)

Stifel Financial Corp grew its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,912 shares of the insurance provider’s stock after acquiring an additional 4,500 shares during the quarter. Stifel Financial Corp owned about 0.08% of Hanover Insurance Group worth $3,762,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in shares of Hanover Insurance Group by 13.1% during the fourth quarter. Flinton Capital Management LLC now owns 4,844 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 560 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Hanover Insurance Group by 8.4% during the fourth quarter. Deutsche Bank AG now owns 123,563 shares of the insurance provider’s stock valued at $13,352,000 after purchasing an additional 9,604 shares in the last quarter. American International Group Inc. raised its stake in shares of Hanover Insurance Group by 1.1% during the fourth quarter. American International Group Inc. now owns 87,695 shares of the insurance provider’s stock valued at $9,478,000 after purchasing an additional 988 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hanover Insurance Group by 1.4% during the fourth quarter. BlackRock Inc. now owns 3,563,588 shares of the insurance provider’s stock valued at $385,154,000 after purchasing an additional 48,671 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Hanover Insurance Group by 35.9% during the fourth quarter. Wells Fargo & Company MN now owns 44,848 shares of the insurance provider’s stock valued at $4,847,000 after purchasing an additional 11,840 shares in the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.

Shares of Hanover Insurance Group opened at $120.39 on Monday, MarketBeat reports. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Hanover Insurance Group Inc has a 52 week low of $85.58 and a 52 week high of $123.43. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 25.40 and a beta of 0.98.



Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.81 by $0.14. Hanover Insurance Group had a net margin of 3.97% and a return on equity of 8.33%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business earned $0.95 earnings per share. Hanover Insurance Group’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts predict that Hanover Insurance Group Inc will post 8.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, June 7th. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 45.57%.

THG has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. ValuEngine cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of Hanover Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Friday, May 4th.

In other Hanover Insurance Group news, insider Mark Joseph Welzenbach sold 15,233 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $115.59, for a total transaction of $1,760,782.47. Following the sale, the insider now owns 30,213 shares in the company, valued at approximately $3,492,320.67. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Leo Berthiaume sold 1,924 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $117.35, for a total value of $225,781.40. Following the sale, the insider now owns 3,164 shares in the company, valued at approximately $371,295.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Hanover Insurance Group Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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

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