Fmr LLC Has $3.95 Million Position in The Hanover Insurance Group, Inc. (THG)

FMR LLC cut its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 60.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,900 shares of the insurance provider’s stock after selling 67,700 shares during the period. FMR LLC owned about 0.10% of The Hanover Insurance Group worth $3,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of THG. Teachers Advisors LLC raised its position in shares of The Hanover Insurance Group by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 59,006 shares of the insurance provider’s stock valued at $5,370,000 after buying an additional 850 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in The Hanover Insurance Group during the fourth quarter worth about $730,000. Macquarie Group Ltd. raised its stake in The Hanover Insurance Group by 8.5% in the fourth quarter. Macquarie Group Ltd. now owns 20,400 shares of the insurance provider’s stock worth $1,857,000 after buying an additional 1,600 shares during the period. Foundry Partners LLC raised its stake in The Hanover Insurance Group by 6.9% in the first quarter. Foundry Partners LLC now owns 115,519 shares of the insurance provider’s stock worth $10,404,000 after buying an additional 7,474 shares during the period. Finally, Capstone Asset Management Co. raised its stake in The Hanover Insurance Group by 5.5% in the first quarter. Capstone Asset Management Co. now owns 7,286 shares of the insurance provider’s stock worth $656,000 after buying an additional 380 shares during the period. Institutional investors own 84.63% of the company’s stock.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) traded down 0.11% during mid-day trading on Friday, reaching $98.46. 197,310 shares of the company were exchanged. The company’s 50-day moving average is $93.78 and its 200 day moving average is $89.03. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.30 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts predict that The Hanover Insurance Group, Inc. will post $6.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. The Hanover Insurance Group’s dividend payout ratio is currently 43.29%.

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A number of research firms have issued reports on THG. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The Hanover Insurance Group has an average rating of “Buy” and an average price target of $93.00.

In related news, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Joseph Welzenbach sold 9,600 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total transaction of $940,224.00. Following the completion of the sale, the insider now directly owns 34,121 shares of the company’s stock, valued at $3,341,810.74. The disclosure for this sale can be found here. Insiders have sold 48,060 shares of company stock valued at $4,660,261 in the last 90 days. Insiders own 1.08% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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

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