Texas Permanent School Fund Reduces Holding in The Hanover Insurance Group, Inc. (NYSE:THG)


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

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

Course development of the Hanover Insurance Group

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 of 14.09, a P/E of 0.72, and a beta of 0.71. The company’s 50-day moving average is $141.35 and its two-hundred-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.

The Hannoversche Versicherungsgruppe announces a dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record were paid a dividend of $0.75 on Friday June 10th. The ex-dividend date was Thursday June 9th. This equates to an annualized dividend of $3.00 and a yield of 2.37%. The payout ratio of the Hannoveraner insurance group is 33.33%.

Analyst upgrades and downgrades

A number of research companies have recently commented on GHG. Morgan Stanley began reporting shares of Hanover Insurance Group in a research note on Wednesday, June 29th. They assigned an “equal weight” rating and a price target of $155.00 on the stock. StockNews.com lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13.

The company profile of the Hannover Insurance Group

(get rating)

Hanover Insurance Group, Inc, through its subsidiaries, offers a variety of property and casualty insurance products and services throughout the United States. The Company operates through three segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment offers commercial multi-peril, commercial automobile and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, general monoline liability, bond, umbrella, fidelity, crime and other commercial insurance coverages.

See also

Institutional ownership by quarter for The Hanover Insurance Group (NYSE:THG)



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