JPMorgan Chase & Co. Has $21.64 Million Holdings in Hanover Insurance Group Inc (THG)

JPMorgan Chase & Co. lifted its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,427 shares of the insurance provider’s stock after buying an additional 1,700 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of Hanover Insurance Group worth $21,642,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of THG. Laurion Capital Management LP grew its stake in shares of Hanover Insurance Group by 2.5% during the 2nd quarter. Laurion Capital Management LP now owns 20,198 shares of the insurance provider’s stock worth $2,415,000 after purchasing an additional 498 shares during the period. Strs Ohio lifted its holdings in Hanover Insurance Group by 10.5% in the 3rd quarter. Strs Ohio now owns 5,430 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 514 shares in the last quarter. Arizona State Retirement System lifted its holdings in Hanover Insurance Group by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 30,203 shares of the insurance provider’s stock valued at $3,726,000 after purchasing an additional 670 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in Hanover Insurance Group by 25.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 3,472 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 704 shares in the last quarter. Finally, Tyers Asset Management LLC lifted its holdings in Hanover Insurance Group by 25.4% in the 2nd quarter. Tyers Asset Management LLC now owns 4,774 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 968 shares in the last quarter. Institutional investors and hedge funds own 84.24% of the company’s stock.

NYSE THG opened at $114.71 on Monday. Hanover Insurance Group Inc has a one year low of $101.81 and a one year high of $131.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $4.86 billion, a P/E ratio of 24.20 and a beta of 0.98.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.07). Hanover Insurance Group had a net margin of 6.14% and a return on equity of 11.81%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Equities research analysts predict that Hanover Insurance Group Inc will post 7.25 EPS for the current year.

In related news, insider J Kendall Huber sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $110.07, for a total value of $2,641,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

A number of research analysts have issued reports on the stock. Sandler O’Neill lowered shares of Hanover Insurance Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Finally, ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, September 27th.

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About Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

Read More: Asset Allocation and Your Retirement

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

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