Strs Ohio Reduces Stake in The Hanover Insurance Group, Inc. $THG

Strs Ohio decreased its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 95.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 856 shares of the insurance provider’s stock after selling 17,458 shares during the quarter. Strs Ohio’s holdings in The Hanover Insurance Group were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of The Hanover Insurance Group by 36.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock worth $217,505,000 after purchasing an additional 339,896 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of The Hanover Insurance Group by 52.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 558,000 shares of the insurance provider’s stock valued at $94,787,000 after buying an additional 193,000 shares during the period. AQR Capital Management LLC raised its stake in The Hanover Insurance Group by 21.0% in the second quarter. AQR Capital Management LLC now owns 553,815 shares of the insurance provider’s stock worth $93,190,000 after buying an additional 96,006 shares in the last quarter. Ameriprise Financial Inc. raised its stake in The Hanover Insurance Group by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 550,962 shares of the insurance provider’s stock worth $93,592,000 after buying an additional 5,145 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in The Hanover Insurance Group by 20.2% in the second quarter. First Trust Advisors LP now owns 497,429 shares of the insurance provider’s stock worth $84,498,000 after buying an additional 83,488 shares during the period. Institutional investors own 86.61% of the company’s stock.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Denise Lowsley sold 1,619 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total transaction of $293,799.93. Following the completion of the sale, the executive vice president owned 3,511 shares of the company’s stock, valued at approximately $637,141.17. The trade was a 31.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on THG shares. Royal Bank Of Canada started coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.00.

The Hanover Insurance Group Trading Down 0.3%

The Hanover Insurance Group stock opened at $173.93 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.42 and a quick ratio of 0.42. The Hanover Insurance Group, Inc. has a one year low of $147.76 and a one year high of $188.18. The stock has a market capitalization of $6.19 billion, a PE ratio of 10.06 and a beta of 0.32. The business’s fifty day moving average is $178.71 and its 200 day moving average is $176.40.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 3rd. The insurance provider reported $5.79 earnings per share for the quarter, beating the consensus estimate of $5.20 by $0.59. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 21.73%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $5.32 earnings per share. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a $0.95 dividend. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, December 12th. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 21.98%.

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.