Strs Ohio Cuts Holdings in Hanover Insurance Group Inc (THG)

Strs Ohio decreased its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 33.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,617 shares of the insurance provider’s stock after selling 1,813 shares during the quarter. Strs Ohio’s holdings in Hanover Insurance Group were worth $422,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. United Services Automobile Association grew its stake in shares of Hanover Insurance Group by 23.5% during the second quarter. United Services Automobile Association now owns 9,252 shares of the insurance provider’s stock worth $1,106,000 after purchasing an additional 1,761 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Hanover Insurance Group by 53.8% during the third quarter. First Hawaiian Bank now owns 10,025 shares of the insurance provider’s stock worth $1,237,000 after purchasing an additional 3,506 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Hanover Insurance Group by 96.7% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 74,584 shares of the insurance provider’s stock worth $9,201,000 after purchasing an additional 36,668 shares in the last quarter. Oakbrook Investments LLC grew its stake in shares of Hanover Insurance Group by 34.4% during the third quarter. Oakbrook Investments LLC now owns 5,280 shares of the insurance provider’s stock worth $651,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Three Peaks Capital Management LLC grew its stake in shares of Hanover Insurance Group by 196.0% during the third quarter. Three Peaks Capital Management LLC now owns 19,403 shares of the insurance provider’s stock worth $2,394,000 after purchasing an additional 12,849 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

In related news, insider Mark Joseph Welzenbach sold 2,216 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $115.24, for a total value of $255,371.84. Following the completion of the sale, the insider now directly owns 17,559 shares of the company’s stock, valued at $2,023,499.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP J Kendall Huber sold 16,827 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $110.04, for a total transaction of $1,851,643.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,445 shares of company stock valued at $5,585,491. 1.30% of the stock is owned by corporate insiders.

Shares of THG opened at $117.95 on Wednesday. Hanover Insurance Group Inc has a 1-year low of $104.59 and a 1-year high of $131.44. The firm has a market capitalization of $4.89 billion, a P/E ratio of 17.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.51 and a quick ratio of 0.39.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.20 earnings per share. Hanover Insurance Group’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hanover Insurance Group Inc will post 8 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, January 25th. Investors of record on Thursday, January 10th were given a $4.75 dividend. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a yield of 2.08%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.35%.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. ValuEngine downgraded shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Buckingham Research assumed coverage on shares of Hanover Insurance Group in a research note on Friday, December 14th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Hanover Insurance Group has an average rating of “Hold” and a consensus target price of $136.50.

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Hanover Insurance Group Company Profile

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.

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

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