Aster Capital Management DIFC Ltd Has $35,000 Stock Holdings in The Hanover Insurance Group, Inc. $THG

Aster Capital Management DIFC Ltd trimmed its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 93.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191 shares of the insurance provider’s stock after selling 2,864 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in The Hanover Insurance Group were worth $35,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC lifted its position in The Hanover Insurance Group by 563.1% during the third quarter. AlphaQuest LLC now owns 13,296 shares of the insurance provider’s stock worth $2,415,000 after acquiring an additional 11,291 shares during the last quarter. ProShare Advisors LLC grew its position in shares of The Hanover Insurance Group by 5.6% in the third quarter. ProShare Advisors LLC now owns 213,676 shares of the insurance provider’s stock valued at $38,810,000 after purchasing an additional 11,415 shares during the last quarter. Vest Financial LLC increased its stake in shares of The Hanover Insurance Group by 84.4% during the third quarter. Vest Financial LLC now owns 22,670 shares of the insurance provider’s stock worth $4,118,000 after purchasing an additional 10,375 shares during the period. Legal & General Group Plc lifted its holdings in The Hanover Insurance Group by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 75,356 shares of the insurance provider’s stock worth $12,801,000 after purchasing an additional 2,387 shares during the last quarter. Finally, Channing Capital Management LLC boosted its stake in The Hanover Insurance Group by 73.6% in the 3rd quarter. Channing Capital Management LLC now owns 68,641 shares of the insurance provider’s stock valued at $12,467,000 after purchasing an additional 29,106 shares during the period. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Stock Down 1.4%

Shares of THG opened at $179.09 on Wednesday. The firm has a 50 day simple moving average of $175.54 and a two-hundred day simple moving average of $177.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.44 and a quick ratio of 0.44. The Hanover Insurance Group, Inc. has a one year low of $147.76 and a one year high of $188.18. The company has a market cap of $6.30 billion, a P/E ratio of 9.86 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The company had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%. Research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio is 20.91%.

Analysts Set New Price Targets

THG has been the subject of a number of research reports. Royal Bank Of Canada started coverage on The Hanover Insurance Group in a report on Monday, November 24th. They set a “sector perform” rating and a $200.00 target price for the company. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.60.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the sale, the executive vice president owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jane D. Carlin sold 1,200 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director owned 2,423 shares of the company’s stock, valued at $438,344.93. This trade represents a 33.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.