The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) shares saw strong trading volume on Wednesday following a dividend announcement from the company. 9,659 shares were traded during mid-day trading, a decline of 92% from the previous session's volume of 118,184 shares.The stock last traded at $128.90 and had previously closed at $128.95.
The newly announced dividend which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 15th. The Hanover Insurance Group's dividend payout ratio is currently 33.33%.
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Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of The Hanover Insurance Group from $155.00 to $145.00 and set an "equal weight" rating for the company in a report on Friday, August 19th. StockNews.com cut shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 13th.
The Hanover Insurance Group Trading Up 0.1 %
The business's 50-day
moving average is $137.75 and its two-hundred day moving average is $142.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $4.60 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.
Insider Buying and Selling at The Hanover Insurance Group
In other The Hanover Insurance Group news, Director Jane D. Carlin sold 946 shares of the firm's stock in a transaction on Friday, August 19th. The stock was sold at an average price of $136.65, for a total value of $129,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in THG. Uncommon Cents Investing LLC raised its position in shares of The Hanover Insurance Group by 1.2% during the 1st quarter. Uncommon Cents Investing LLC now owns 5,925 shares of the insurance provider's stock valued at $886,000 after acquiring an additional 70 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of The Hanover Insurance Group by 2.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 4,273 shares of the insurance provider's stock valued at $625,000 after acquiring an additional 96 shares in the last quarter. Securian Asset Management Inc. raised its position in shares of The Hanover Insurance Group by 3.1% during the 2nd quarter. Securian Asset Management Inc. now owns 3,299 shares of the insurance provider's stock valued at $482,000 after acquiring an additional 100 shares in the last quarter. Van ECK Associates Corp raised its position in shares of The Hanover Insurance Group by 15.9% during the 1st quarter. Van ECK Associates Corp now owns 895 shares of the insurance provider's stock valued at $134,000 after acquiring an additional 123 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of The Hanover Insurance Group by 5.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,426 shares of the insurance provider's stock valued at $351,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.
The Hanover Insurance Group Company Profile
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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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.
Further Reading
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