Virtu Financial purchases newer Stakes in the Hanover Insurance Group Incorporation

Virtu Financial LLC acquired a new position in Hanover Insurance Group Inc (NYSE:THG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,784 shares of the insurance provider’s stock, valued at approximately $204,000.

JPMorgan Chase & Co. raised its stake in Hanover Insurance Group by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 175,427 shares of the insurance provider’s stock worth $21,642,000 after buying an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Hanover Insurance Group by 3.9% during the third quarter.

The Manufacturers Life Insurance Company now owns 70,424 shares of the insurance provider’s stock valued at $8,688,000 after buying an additional 2,629 shares during the last quarter. Man Group plc grew its holdings in shares of Hanover Insurance Group by 1.8% during the third quarter. Man Group plc now owns 32,340 shares of the insurance provider’s stock valued at $3,989,000 after buying an additional 573 shares during the last quarter.

Shares of Hanover Insurance Group stock opened at $121.09 on Monday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.83 and a beta of 0.70. Hanover Insurance Group Inc has a fifty-two week low of $104.59 and a fifty-two week high of $131.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.39 and a quick ratio of 0.51.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.17. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. On average, sell-side analysts predict that Hanover Insurance Group Inc will post 8.1 earnings per share for the current year.