Texas Permanent School Fund Cut Price on The Hanover Insurance Group, Inc. (NYSE:THG)


Texas Permanent School Fund cut its stake in shares of The Hanover Insurance Group, Inc.NYSE: THGGet Votes) and 2.1% in the first quarter, according to the company’s most recent filing with the Securities & Exchange Commission. The firm owned 25,225 shares of the insurance company’s stock after selling 539 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of The Hanover Insurance Group worth $3,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their positions in the company. ProShare Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 163,422 shares of the insurance company’s stock valued at $21,418,000 after purchasing an additional 11,834 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of The Hanover Insurance Group by 2.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,047 shares of the insurance company’s stock valued at $793,000 after buying an additional 131 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of The Hanover Insurance Group by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 290,031 shares of the insurance company’s stock valued at $38,012,000 after purchasing an additional 8,198 shares during the period. Diversified Trust Co acquired a new position in shares of The Hanover Insurance Group in the 1st quarter valued at $469,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 1.9% during the first quarter. Mutual of America Capital Management LLC now owns 32,445 shares of the insurance company’s stock worth $4,851,000 after purchasing an additional 619 shares during the period. 84.72% of the stock is owned by investors and hedge funds.

Company recommendations Hanover Insurance Group Price Performance

Opinions of the company Hanover Insurance Group opened at $126.82 on Monday. Hanover Insurance Group, Inc. it 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 ratio of 14.09, a P/E/G ratio of 0.72 and a beta of 0.71. The company’s 50-day moving average is $141.35 and its 200-day moving average is $143.31. The company has a debt ratio of 0.30, a current ratio of 0.39 and a quick ratio of 0.40.

Hanover Insurance Group Announces Dividends

The company also announced its quarterly dividend, which was issued on Friday, June 24th. Investors of record on Friday, June 10th were issued a $0.75 dividend. The previous payment date was Thursday, June 9th. The company paid $3.00 per share during the last period and the annual yield was 2.37 %. Hanover Insurance Group’s share is 33.33%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on THG. Morgan Stanley began coverage on shares of The Hanover Insurance Group in a research note on Wednesday, June 29th. They put an “equal weight” on the price of $155.00. StockNews.com cut shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th.

Overview of the company Hanover Insurance Group Company

(Get Votes)

Hanover Insurance Group, Inc., through its subsidiaries, offers a variety of property and casualty insurance products in the United States. The company operates in three divisions: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers general commercial casualty, commercial vehicle, and workers’ compensation insurance, as well as management and technical liability, marine, industrial and commercial specialty, monoline general liability, warranty, umbrella, fidelity, crime, and other products. To cover.

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