Hanover Insurance Group Inc (THG) Position Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,661 shares of the insurance provider’s stock after selling 37,851 shares during the period. JPMorgan Chase & Co. owned 0.59% of Hanover Insurance Group worth $24,685,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL increased its position in shares of Hanover Insurance Group by 9.0% during the third quarter. Virginia Retirement Systems ET AL now owns 7,300 shares of the insurance provider’s stock valued at $708,000 after acquiring an additional 600 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Hanover Insurance Group by 9.8% in the third quarter. Legal & General Group Plc now owns 61,335 shares of the insurance provider’s stock valued at $5,947,000 after purchasing an additional 5,497 shares during the period. Nordea Investment Management AB boosted its stake in shares of Hanover Insurance Group by 1.2% in the third quarter. Nordea Investment Management AB now owns 431,378 shares of the insurance provider’s stock valued at $41,813,000 after purchasing an additional 5,086 shares during the period. TD Asset Management Inc. boosted its stake in shares of Hanover Insurance Group by 8.9% in the third quarter. TD Asset Management Inc. now owns 17,787 shares of the insurance provider’s stock valued at $1,724,000 after purchasing an additional 1,448 shares during the period. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Hanover Insurance Group by 11.3% in the third quarter. Rothschild Asset Management Inc. now owns 183,942 shares of the insurance provider’s stock valued at $17,829,000 after purchasing an additional 18,725 shares during the period. Hedge funds and other institutional investors own 83.85% of the company’s stock.

In related news, insider Mark Joseph Welzenbach sold 5,000 shares of Hanover Insurance Group stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $103.89, for a total value of $519,450.00. Following the completion of the transaction, the insider now owns 29,521 shares in the company, valued at $3,066,936.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total transaction of $535,334.80. Following the completion of the transaction, the insider now owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The disclosure for this sale can be found here. Insiders sold 14,689 shares of company stock valued at $1,555,848 in the last quarter. 1.08% of the stock is owned by insiders.

Hanover Insurance Group Inc (NYSE:THG) traded down $0.37 during midday trading on Friday, hitting $102.15. 107,000 shares of the stock traded hands, compared to its average volume of 226,311. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a twelve month low of $79.23 and a twelve month high of $108.64. The stock has a market capitalization of $4,390.00, a price-to-earnings ratio of 45.00 and a beta of 1.13.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts forecast that Hanover Insurance Group Inc will post 4.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.54 dividend. This is a positive change from Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, December 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.11%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 69.20%.

Several research analysts have recently commented on THG shares. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a research note on Friday, October 6th.

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Hanover Insurance Group Company Profile

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 Hanover Insurance Group (NYSE:THG)

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