The Hanover Insurance Group, Inc. (NYSE:THG) Position Decreased by US Bancorp DE

US Bancorp DE lowered its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,130 shares of the insurance provider’s stock after selling 333 shares during the period. US Bancorp DE’s holdings in The Hanover Insurance Group were worth $1,164,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Timber Hill LLC bought a new stake in The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH increased its stake in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. increased its stake in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares during the period. World Asset Management Inc increased its stake in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares during the period. Finally, LS Investment Advisors LLC increased its stake in The Hanover Insurance Group by 17.1% in the second quarter. LS Investment Advisors LLC now owns 3,348 shares of the insurance provider’s stock valued at $297,000 after buying an additional 488 shares during the period. Institutional investors and hedge funds own 84.63% of the company’s stock.

The Hanover Insurance Group, Inc. (THG) opened at 98.46 on Friday. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The firm’s 50-day moving average is $93.78 and its 200 day moving average is $89.03. 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 posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. Equities analysts predict that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

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Several equities analysts have commented on the stock. Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Hanover Insurance Group currently has an average rating of “Buy” and an average price target of $93.00.

In other news, insider Mark Joseph Welzenbach sold 9,600 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total value of $940,224.00. Following the transaction, the insider now owns 34,121 shares of the company’s stock, valued at $3,341,810.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the transaction, the insider now directly owns 34,079 shares in the company, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Insiders sold 48,060 shares of company stock valued at $4,660,261 over the last quarter. Corporate insiders own 1.08% of the company’s stock.

About The Hanover Insurance Group

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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