The Hanover Insurance Group, Inc. (NYSE:THG) Stake Lowered by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,331 shares of the insurance provider’s stock after selling 2,818 shares during the period. Foster & Motley Inc. owned 0.10% of The Hanover Insurance Group worth $3,929,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. OppenheimerFunds Inc. increased its stake in shares of The Hanover Insurance Group by 16.7% in the first quarter. OppenheimerFunds Inc. now owns 19,473 shares of the insurance provider’s stock valued at $1,754,000 after buying an additional 2,786 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of The Hanover Insurance Group by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 437,377 shares of the insurance provider’s stock valued at $39,389,000 after buying an additional 22,273 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 10.3% in the first quarter. Janus Capital Management LLC now owns 8,600 shares of the insurance provider’s stock valued at $775,000 after buying an additional 800 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of The Hanover Insurance Group by 4.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 19,105 shares of the insurance provider’s stock valued at $1,720,000 after buying an additional 736 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of The Hanover Insurance Group by 11.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 182,978 shares of the insurance provider’s stock valued at $16,479,000 after buying an additional 18,269 shares in the last quarter. Institutional investors own 84.63% of the company’s stock.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.46 on Friday. The company has a 50 day moving average of $93.78 and a 200-day moving average of $89.03. The company has a market cap of $4.17 billion, a PE ratio of 21.30 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 12-month low of $74.06 and a 12-month high of $100.33.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current year.

The company also recently disclosed 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 is Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. The Hanover Insurance Group’s payout ratio is 43.29%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, 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 research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.00.

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