State of Tennessee Treasury Department decreased its position in Hanover Insurance Group Inc (NYSE:THG) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,343 shares of the insurance provider’s stock after selling 3,433 shares during the period. State of Tennessee Treasury Department owned 0.08% of Hanover Insurance Group worth $4,384,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. bought a new position in Hanover Insurance Group during the third quarter worth about $25,000. Steward Partners Investment Advisory LLC bought a new position in shares of Hanover Insurance Group during the 2nd quarter worth approximately $25,000. HM Payson & Co. bought a new position in shares of Hanover Insurance Group during the 2nd quarter worth approximately $26,000. Bartlett & Co. LLC boosted its stake in shares of Hanover Insurance Group by 159.0% during the 2nd quarter. Bartlett & Co. LLC now owns 202 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 124 shares during the period. Finally, Financial Advantage Inc. bought a new position in shares of Hanover Insurance Group during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 86.41% of the company’s stock.
THG has been the subject of several research analyst reports. ValuEngine downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Wednesday, October 16th.
Shares of NYSE THG opened at $133.23 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. Hanover Insurance Group Inc has a 12 month low of $104.59 and a 12 month high of $137.15. The stock has a 50 day moving average of $133.18 and a 200-day moving average of $128.79. The company has a market capitalization of $5.18 billion, a P/E ratio of 19.62 and a beta of 0.55.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.22. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hanover Insurance Group had a return on equity of 10.62% and a net margin of 9.27%. During the same period in the previous year, the company posted $2.33 EPS. Analysts predict that Hanover Insurance Group Inc will post 8.44 EPS for the current fiscal year.
In related news, EVP Bryan J. Salvatore sold 688 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $130.39, for a total value of $89,708.32. Following the completion of the sale, the executive vice president now directly owns 6,776 shares in the company, valued at approximately $883,522.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.65% of the company’s stock.
Hanover Insurance Group Profile
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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